Congress Responds to 401(k) Vice

Thompson, Duane R.
April 2002
Journal of Financial Planning;Apr2002, Vol. 15 Issue 4, p24
Academic Journal
This article reports on the proposals of the U.S. Congress for pension and accounting reform in the U.S. as of April 2002. One of the proposals for pension and accounting reform is to merge the Securities and Exchange Commission with the Commodity Futures Trading Commission to regulate all securities and futures products, including over-the-counter derivatives. Another is to restrict 401 (k) investment allocations to no more than ten percent of company stock in an individual's retirement portfolio.


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