SEC Actively Engaged in Private Asset 401(k) Push, Uyeda Says

The US Securities and Exchanges Commission is “actively engaged” in executing a Trump administration directive alongside the Labor Department to expand private market access for retail 401(k) investors, according to commissioner Mark Uyeda.

Uyeda said Thursday at an “SEC Speaks” event in Washington, D.C., that the government needs to create regulatory certainty that would lower the risk for plan fiduciaries who can choose to integrate these assets into plans. They often refrain due to fear of employee lawsuits over management fees or underperformance.

President Donald Trump’s August 2025 executive order directed agencies to remove barriers to getting more private equity, ...