Fund board directors may be wondering what to expect from the new leaders of the Securities and Exchange Commission. A new chairman has been appointed, nominations for two new commissioners have been made to fill long-vacant seats and new co-directors now lead the Division of Enforcement.

An important signpost comes from recent and repeated comments by the new chair, Jay Clayton, which emphasize the long-term interests of retail investors, a group he refers to as "Mr. and Mrs. 401(k)." Interest in this group would be an organizational shift in focus from certain non-traditional investment opportunities, such as private equity funds, to more conventional investment vehicles, such as mutual funds.

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Originally published by Board IQ

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