SEC Warns Against Retirement Funds Investing in Cryptocurrency

[kreslik.news]

The Office of Investor Education and Advocacy, a branch of the US Securities and Exchange Commission, has issued an investor alert regarding self-directed individual retirement accounts that promote investment in cryptocurrency.

Disclaim most duties to investors

IRAs are savings accounts with certain tax advantages that are intended to be accessed at the time of the saver’s retirement.

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A self-directed IRA is one that allows alternative investments. These have include real estate, company stocks, intellectual property and precious metals, and, more recently, cryptocurrencies. The main difference between self-directed and regular IRAs is that the latter ... (read more)