Warren, Sanders Say PE in 401(K)s Is ‘Dangerous’ for Americans

Warren, Sanders Say PE in 401(K)s Is ‘Dangerous’ for Americans

President Donald Trump’s move to let private equity and cryptocurrency become bigger pieces of the average retirement saver’s portfolio could lead to financial harm for millions of Americans, Democratic Senator Elizabeth Warren and independent Senator Bernie Sanders said.

Warren’s Letter To SEC Chair: Crypto In 401(k)s Poses Threat To Americans’ Retirement

Senator Elizabeth Warren, known for her skepticism towards digital assets, along with six fellow lawmakers, has sent a letter to SEC Chair Paul …

Is private equity going to shake up my 401(k)?

Private equity may soon be allowed in 401(k)s, but experts warn it’s too risky, illiquid and expensive for most retirement savers. The post Is private equity going to shake up my 401(k)? | Viewpoint appeared first on Rochester Business Journal.

Senators warn over "risky" alternatives in 401(k)s

US senators have raised concerns over an executive order signed by US President Donald Trump permitting investment in alternative assets within 401(k) retirement accounts, labelling them “risky”. Senators Elizabeth Warren and Bernie Sanders led five colleagues in sending a letter to labour secretary Lori Chavez-DeRemer and Securities and Exchange Commission chair Paul Atkins. The senators’ […] The post Senators warn over “risky” alternatives in …

Warren and Sanders Decry "Dangers" of Cryptocurrency in 401(k) Funds Pushed by Trump - The Cryptocurrency Post

Senators Elizabeth Warren and Bernie Sanders, along with other Democrats, have raised alarms about the Trump administration’s recent policy. This week, they sent a joint letter to the SEC and the Department of Labor. They are warning of the serious risks of legitimizing cryptocurrency in 401(k) plans. The missive expresses deep concern for the retirement savings security of millions of Americans. The letter directly criticizes a recent executive…

Warren, Sanders Blast Trump Admin for Legitimizing 'Dangerous' Bitcoin and Crypto 401Ks

In a letter sent to the SEC and Department of Labor, the senators warned that the Trump admin’s push to expose the $31 trillion retirement savings industry to crypto could end in disaster.