Elizabeth Warren Targets Cruises, iPads in Probe of Finance Perks
The senator has a new target: the biggest sellers of annuities and the diamond-encrusted rings, iPads, stock options and cruises she says they’re using to entice brokers to sell their investments.
Sen. Elizabeth Warren (D-MA) delivers remarks during the Good Jobs Green Jobs National Conference at the Washington Hilton April 13, 2015 in Washington, DC.
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U.S. Senator Elizabeth Warren has a new target: the biggest sellers of annuities and the diamond-encrusted rings, iPads, stock options and cruises she says they’re using to entice brokers to sell their investments.
Warren, the Massachusetts Democrat and prominent critic of Wall Street, sent letters Tuesday to the U.S.’s 15 largest annuity providers, her office said. She wants to know whether perks they provide encourage brokers to put personal interests ahead of the retirement goals of clients.