Three criteria govern the choice of trustee
What the document says“In the case of any Trump account created or organized by the Secretary, the Secretary shall take into account the following criteria in selecting the trustee:”
The section requires the Secretary, in choosing a trustee for an account the Secretary creates, to take into account the trustee's history of reliability and regulatory compliance, its customer service experience, and the costs it imposes on the account or the beneficiary.
What the document actually says“In the case of any Trump account created or organized by the Secretary, the Secretary shall take into account the following criteria in selecting the trustee:”
The Secretary must weigh three things in picking a trustee. That applies to accounts the Secretary opens. The list of three follows.
One is the trustee's record of following the rules. One is how it treats customers. One is what it charges.
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