Financial firms want a bigger piece of the $10 trillion in America’s 401(k) plans, and the Trump administration is planning a regulatory rollback to encourage  less-regulated — and often riskier — investments.
  • kibiz0r@midwest.socialEnglish
    4·
    17 days ago

    So they basically want to make it legal for an employer to turn their 401k offering into a pyramid scheme. Cool.

    And the agency in charge of prosecuting such cases right now has decided it’s unfair to second guess employers’ decisions. Cool cool cool.