Warren Statement on SEC Proposed Rule Allowing Wall Street to Charge Huge Fees on Americans' Retirements

Washington, D.C. – Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement:

“Today, the SEC proposed a new rule that would override decades-old protections for Americans’ retirements to allow Wall Street to start charging high, private equity-level fees on lower-cost retail funds. Americans already struggling to save in Trump’s economy shouldn’t be used as piggy banks to boost the profits of Trump’s Wall Street buddies.”

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