The Department of Labor has proposed opening 401(k) plans to private market investments, a move that would expand access to asset classes previously available only to institutional investors.
InvestmentNews covered the proposal this week, including remarks from Sekond CEO Rasmus Goksor:
"The democratization of private markets is a defining opportunity for retail investors to access high-growth assets — and we can get it right. The key is ensuring that disclosure standards keep pace with access, so that every investor has the timely information they need to participate with confidence."
Read the full article here.