SEC Preps Plan to Widen Investor Access to Private Markets

The US Securities and Exchange Commission is considering a plan to expand retail investor access to private markets and permit investment advisers to charge performance fees to a broader range of clients. The SEC has not announced a formal timeline for the proposal or specified which private market segments would be affected. The agency's current regulations limit certain private investment opportunities to accredited investors, defined as individuals with annual income exceeding 200,000 dollars or net worth above 1 million dollars.

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