SEC Opens New Doors to Private Markets With Knowledge Test and Professional Credentials

SEC Opens New Doors to Private Markets With Knowledge Test and Professional Credentials

The SEC proposed letting investors qualify as accredited via a new FINRA exam or professional credentials like CPA and CFA licenses instead of wealth tests. Paired with performance fee and interval fund changes, the moves aim to widen retail access to private markets while sparking debate over risks and readiness.

SEC proposes expanding retail investor access to private markets

The regulator voted Wednesday to allow more advisers to charge performance fees and to modernize the interval fund framework

SEC proposes investor exam to expand private-market access — here's how it could work

The SEC proposed expanding accredited investor eligibility beyond traditional income and net worth thresholds, including through a new exam.

Trump SEC Accused of Letting Wall Street 'Prey On' Everyday Americans With New Proposals

After the SEC proposed rules to promote private market investments by retail investors, critics accused the agency of serving Wall Street over the public.

US SEC proposes wider retail investor access to private assets amid risk concerns

The SEC has proposed new rules to expand access to private assets typically available only to wealthy investors. These rules aim to allow more professionals to qualify as accredited investors, which may lead to higher returns. Critics express concern that this move could expose retail investors to significant risks and fees. Additionally, proposed changes would allow closed-end funds to redeem shares more frequently and offer varied share classe…

The SEC is considering a new route into private markets for investors beyond the wealthy

President Trump's push for retail access to private market sees a new expansion, including a FINRA test for anybody willing to study up.