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 classes.

from Economic Times https://ift.tt/f5lyu9L