SEC Files Fraud Charges Against Former Brokers Targeting Federal Retirees

FOR IMMEDIATE RELEASE Washington D.C., July 31, 2017— The Securities and Exchange Commission today charged four former Atlanta-area brokers with fraudulently inducing federal employees to roll over holdings from their federal Thrift Savings Plan (TSP) retirement accounts into higher-fee, variable annuity products. The SEC’s enforcement action comes at a time when the agency has been…

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