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Article: Some question safeguards for Social Security private accounts.
- Article from:
- High Point Enterprise
- Article date:
- January 25, 2005
CopyrightCOPYRIGHT 2005 High Point Enterprise. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Paul B. Johnson
Jan. 25--The possibility of privatizing part of Social Security raises the specter of how the government would prevent abuse that has scandalized stock trading in recent years, an AARP executive said.
President George W. Bush and Congress are set to debate this year's potential groundbreaking changes in Social Security, including a White House-backed idea of privatizing a portion of accounts.
But any changes in the system would take place against a backdrop of scandals in recent years involving stock trading. A host of major brokerages have been cited for deceptive or fraudulent trading practices that bilked customers, ...
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