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TIAA Unit To Pay $97M Over Retirement Rollover Advice

By Sarah Jarvis ( July 13, 2021, 1:19 PM EDT) -- A unit of Teachers Insurance and Annuity Association of America will pay $97 million to investors to settle allegations around efforts to get customers to move their retirement investments into higher-fee accounts the company offered, the U.S. Securities and Exchange Commission and New York attorney general announced Tuesday....

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