“We have grave concerns with what Fidelity has done,” Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration, told The Wall...
Labor Department officials believe Fidelity Investments’s plan to allow investors to put bitcoin in their 401 accounts risks the retirement security of Americans, a senior administrator said.
Mr.... Labor Department officials believe Fidelity Investments’s plan to allow investors to put bitcoin in their 401 accounts risks the retirement security of Americans, a senior administrator said. Mr. Khawar’s group works inside the Labor Department to regulate company-sponsored retirement plans. In the interview, he said he views cryptocurrency as speculative. There is “a lot of hype around ‘You have to get in now because you will be left behind otherwise,’” he said.
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