Private equity—speculative investments in the stock of companies not publicly traded and hard-to-value—“has the potential to hasten the retirement day for American workers,” Trump’s DOL Deputy Secretary gratuitously advises Barron’s readers.
Private equity—speculative investments in the stocks of companies not publicly traded and hard-to-value—“has the potential to hasten the retirement day for American workers,” Trump’s DOL Deputy Secretary recently gratuitously advised. Trump’s SEC Chairman Jay Clayton is also pushing 401k sponsors to roll the dice. When feds go boldly where no regulator has ever gone before—promoting gambling in retirement plans—WATCH OUT! Far more likely, these costliest, riskiest, most secretive investments ever devised by Wall Street will postpone or outright destroy American workers’ retirement dreams.
Last week, Patrick Pizzella, the Deputy Secretary of Trump’s Department of Labor gratuitously advised Barron’s readers in Main Street Deserves Access to Private Equity, Too that private equity—investing in stock of companies that aren’t publicly traded—”has the potential to hasten the retirement day for American workers by fortifying retirement savings during both stable and unstable economic times and helping to diversify and build retirement income.”
As an expert who has provided forensics training to hundreds of DOL investigators at federal facilities around the country, I’m shocked at what I’m hearing.
