News | 11.21.19
SEC Moving Toward Opening Private Markets to More Ordinary Investors
The SEC's fall regulatory agenda, released on Wednesday, includes an item to reform the definition of who qualifies as an accredited investor eligible to buy non-public securities and a separate item to reform rules for unregistered, or exempt, offerings. Both are categorized as being in the proposed rule stage. SEC Chair Jay Clayton has indicated he wants to allow retail investors to buy private securities, especially for their IRAs.
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