SEC fines Transamerica for fiduciary disclosure failures

Transamerica Retirement Advisors failed to disclose financial conflicts tied to retirement rollovers, affecting thousands of clients.

A recent case involving Transamerica Retirement Advisors, a registered investment adviser, offers a cautionary example of the importance of clarity in the world of regulatory compliance. The firm, which provides investment education and managed account services to participants in employer-sponsored retirement plans, fell afoul of its fiduciary obligations.

According to

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