SEC Charges TIAA Subsidiary For Failing to Act in the Best Interest of Retail Customers

Posted on 02/23/2024

The SEC says TIAA-CREF Individual & Institutional Services LLC (TC Services), a subsidiary of Teachers Insurance and Annuity Association of America (TIAA), will settle charges that it failed to comply with Regulation Best Interest (Reg BI) in connection with recommendations to retail customers to open a TIAA Individual Retirement Account (TIAA IRA). According to the…

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