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Mass. Secretary of State is investigating target-date fund offerings -Breaking

by Mike Robinson

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© Reuters.

BOSTON, (Reuters) – The Massachusetts Secretary-of-State William Galvin announced Tuesday that his office will examine broker-dealers selling target-date mutual funds. Galvin is concerned by tax reforms for small-dollar-investors.

Galvin claimed that the securities division of BlackRock Inc (NYSE :),, W. Rowe Price Group, and others) sent him letters to request information.

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