There could be more trouble coming down the pike for would-be retirees; a new bill is making its way through Congress that would make it easier for brokerage firms to avoid lawsuits for failing to include important information or present facts correctly when issuing reports on exchange-traded funds.
According to a Huffington Post report, although that protection already exists for stocks, the bill—H.R.910/S.327, the Fair Access to Investment Research Act of 2017—would extend that protection to reports on ETFs.
“But the way the bill is written,” the report says, “would shield significant conflicts of interest in the ETF world from a host of lawsuits.”
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