enters hotter water over another state retirement plan, the Wall Street Journal
suggests that a new "revenue sharing" mess may be in the making with regard to funds offered on retirement plan platforms.
New Hampshire's Bureau of Securities Regulation
has charged the financial giant -- a major player in public defined contribution plans -- with "improper practices" involving market timing and payments to "strategic partners" in the mutual fund sphere. These include Fidelity
, Pioneer Investments
, American Funds
, and OppenheimerFunds
. However, several of these told the Journal
they disclosed payments to investors.
A month ago, the L.A. Times
reported the New York Attorney General's office is amidst a long-term investigation into retirement plans, with a big focus on payments ING made to New York State United Teachers
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