SEC exploring private equity in 401(k) plans
“This release is very wide open,” said Jasmin Sethi, associate director of policy research at Morningstar and co-author of the firm’s comment letter to the SEC.
“It’s important to note that when the SEC issues a concept release, it’s not issuing a proposed rule,” explained Sethi, an attorney who previously served in the SEC’s Division of Trading and Markets Division. “They’re brainstorming.”