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Wall Streeters Lose $2 Billion in 401(k) Bet on Own Firms

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Wall Streeters Lose $2 Billion in 401(k) Bet on Own Firms Wall Street employees, who dispense financial advice to individuals and companies, aren’t following a basic investing tenet with their own money: diversification. Workers at the five largest Wall Street banks saw the value of company stock in their 401(k) accounts, sometimes the biggest holding … Read more
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