JPMorgan notifies clients of retirement account change
New York
JPMORGAN Chase & Co has sent some wealth management customers letters this month notifying them that they could be moved to the firm's self-directed platform soon ahead of a pending Labor Department retirement regulation, the bank said on Monday.
While implementation of the US Labor Department's fiduciary rule may ultimately be delayed, the letters went out as part of a plan the bank announced in November to end retirement acc…
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