For decades, SEC-registered mutual funds represented something close to the gold standard for retirement-plan investment transparency. Daily NAV. Market-value accounting. Public filings. Liquidity requirements. Independent boards. Audited financial statements. Restrictions on affiliated transactions. And a federal regulator looking over the industry’s shoulder. Wall Street increasingly wants to put private equity, private credit, private real estate … Continue reading SEC Mutual Fund Standards Are Slipping — But Not Fast Enough for Private Equity, Which Is Turning to State-Regulated CITs – 2 roads into your 401(k)