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Expert: Obama's 'myRA' violates multiple investment laws

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Paul Bedard,Washington Secrets,Barack Obama,Treasury,Income Inequality,State of the Union,MyRA
President Obama's new and low-budget proposal to help Americans build a tiny nest egg appears to violate federal laws barring retirement plan sponsors from steering investments to self-serving accounts, in this case the Treasury's own bonds, according to a new analysis. The “myRA” plan Obama unveiled in his State of the Union address would also be outlawed in the private finance world because...