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Many Pay High Investment Company Fees For Services They Don't Use, Survey Shows

SlashDot - 3 hours 21 min ago
Penelope Wang, writing for Consumer Reports: If you are investing in stocks, bonds, or mutual funds, you have a wide range of options to help manage your portfolio -- everything from traditional brokerages to mutual fund companies to online financial firms. But as consumers search for an investment company, many pay little attention to the fees they're being charged, according to a just-released Consumer Reports survey of more than 46,000 CR members. Four out of 10 surveyed said they weren't sure what they paid in fees. And of those who knew the costs, only 60 percent rated their investment company in our survey as Excellent or Very Good on the amount charged. "Hidden and confusing fees are proliferating across the marketplace, making it hard for consumers to know what they're getting for their money, and to comparison shop across providers," says Anna Laitin, director of financial policy at Consumers Union, the advocacy division of Consumer Reports. "It is concerning that so many investors don't know how much they are paying in fees and that many of those who do understand the fees don't appear to think they are getting their money's worth," she says.

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Twitter is Being Investigated Over Data Collection In Its Link-Shortening System

SlashDot - Sun, 10/14/2018 - 23:02
New submitter DavidDoherty writes: The Ireland Data Protection Commission is investigating Twitter because the company refused to provide their t.co (URL shortening service owned and used by Twitter) web link tracking data to UK professor, Michael Veale. "Their refusal to comply with the request is potentially a violation of the EU's allowance for requests under GDPR. The privacy expert said that Twitter refused to cite an exception to GDPR for requests that required 'disproportionate effort.'" By contrast, Veale believed that twitter was distorting the law in order to limit the information they handed over to the authorities. A new GDPR regulation, which was first enforced in May, requires that tech companies aim towards a more transparent relationship with user data and provide their customers with data privacy rights.

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