The U.S. Department of Labor is extremely concerned that retirement plan fiduciaries are planning to encourage participants to invest in cryptocurrency without a clear understanding of the risks involved, according to Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration (EBSA).
"There are real questions to be asked," he told those watching a webinar sponsored by the American Academy of Actuaries. "It wasn't clear to us that the fiduciaries are going into this with their eyes open."
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