659. Crypto 401(k) Regulation | ForUsAll interview

Jun 28, 2022 · 22m 23s
659. Crypto 401(k) Regulation | ForUsAll interview
Description

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....

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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~
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#Crypto #cryptocurrency #bitcoin
~Crypto 401(k) Regulation | ForUsAll interview~
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