February 25, 2008
FINRA-AARP Partnership is Criticized
Some securities firms are critical of FINRA's partnership with AARP to promote automatic 401(k) enrollment ("Retirement Made Simpler") because they view AARP's for-profit financial services unit as a competitor. It sells a variety of financialproducts, including mutual funds that are offered to 401(k) accounts. FINRA says Retirement Made Simpler offers information to employers and is not targeted at investors. InvNews, Brokers pan Finra-AARP tie.
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