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US teachers insurance association unit to pay $97 million for not disclosing conflicts in plan recommendations

( July 13, 2021, 15:47 GMT | Official Statement) -- MLex Summary: An investment advisor unit of the Teachers Insurance and Annuity Association of America agreed to pay $97 million to settle US Securities and Exchange Commission charges that it failed to adequately disclose conflicts of interest in making recommendations to thousands of retirement plan participants. The unit, TC Services, also was charged with making inaccurate and misleading statements.Statement follows in full. Also see document below. ...

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