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The U.S. Department of Labor (DOL) in March issued a controversial warning to 401(k) plan fiduciaries to “exercise extreme care” before considering adding cryptocurrencies to a retirement plan’s investment menu. California-based 401(k) provider ForUsAll filed suit against the DOL in the U.S. District Court in Washington, D.C., alleging the agency violated the Administrative Procedure Act (APA) by issuing guidance without following the correct procedures. Those procedures, argued ForUsAll, would have required the guidance to go through a time-consuming notice and comment period.
Guest: David Ramirez, CFA Co-founder, Chief Investment Officer at ForUsAll ForUsAll website ➜ https://bit.ly/ForUsAll401k
~This episode is sponsored by iTrust Capital~ iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul
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