Salem Radio Network News Monday, May 16, 2022

U.S.

Mass. Secretary of State is investigating target-date fund offerings

BOSTON (Reuters) – Massachusetts Secretary of State William Galvin on Tuesday said his office will investigate broker-dealers offering target-date funds, concerned about changes that created large tax bills for small-dollar investors.

In a press release Galvin said his securities division sent letters seeking information from companies including BlackRock Inc,, T. Rowe Price Group and other companies.

(Reporting by Ross Kerber)

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