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Trump SEC joins DOL in push on private equity
Original: Trump SEC follows DOL in private equity bailout push
The Securities and Exchange Commission under the Trump administration is moving in step with the Department of Labor on measures seen as supporting private equity, an approach critics describe as a bailout push for the industry. The Private Equity Stakeholder Project, a watchdog group, flagged the development, arguing regulators are opening the door for retirement funds and retail investors to take on private equity risks.
Why now: Regulatory moves by the SEC and DOL on private equity raise concerns about shifting investment risks onto retirement savers.
Donald TrumpSecurities and Exchange CommissionDepartment of LaborPrivate Equity Stakeholder Project
Evidence
- Trump SEC follows DOL in private equity bailout push · Private Equity Stakeholder Project PESP
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