Trump SEC Chairman Urges 401ks To Gamble Away Coronavirus Losses

Trump SEC Chairman Urges 401ks To Gamble Away Coronavirus Losses

Gambling to overcome coronavirus losses sounds like the “advice” you’d expect from a casino owner, … [+] not from the Chairman of a federal agency charged with protecting investors.

ASSOCIATED PRESS

Trump SEC Chairman Jay Clayton urges 401k plan sponsors and investors to gamble on private equity funds as a means of recovering coronavirus losses. Since when is it the job of the Chairman of…

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