The Ohio Tuition Trust Authority/Putnam / Vangard Funds
The Ohio Tuition Trust Authority/Putnam Funds Promoting a 529 plan as a saving plan, not a security

The Ohio Tuition Trust Authority, a state agency in Ohio, is promoting a 529 plan, a security, as a savings plan through a promotion in Ohio public school districts. School districts treat other securities, 403b and 457 plans, as fund programs only available by contact through a registered representative of a broker/dealer.

The promotional material uses the name, Putnam funds, to authorize payroll deductions as low as $15 dollars per pay to authorize an account. There is mis-leading information regarding tax liabilities designed to attract consumers.

When school districts contact their staff regarding tax sheltered annuities, no school staff are permitted to discussion program issues with staff as they are unlicensed to discuss matters of a security, which by definition involves variable values.

Company: The Ohio Tuition Trust Authority/Putnam / Vangard Funds
Country: USA
State: Ohio
City: Columbus
Address: 580 South High St
Phone: 8002336734

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