That being said, on August 7, President Trump issued an executive order on democratizing access to alternative assets for 401k investors. The order stated that, and I quote, Burdensome lawsuits that seek to challenge reasonable decisions by loyal regulated fiduciaries have denied millions of Americans opportunities to benefit from investment in alternative assets. End quote. Mr. Sellakram, could you discuss whether burdensome lawsuits are discouraging 401k fiduciaries from innovations such as alternative assets that could improve retirement outcomes? Fiduciaries operate in a challenging, complex environment. (00:58–01:15)
CLAIM
Asserts that burdensome lawsuits have denied millions of Americans opportunities to benefit from alternative asset investments.
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