Current outcome
The SEC has proposed amendments to expand retail investor access to private markets, including allowing advisers to charge up to 20% performance fees and expanding the accredited investor definition to include professionals such as CPAs and CFAs.
Progress timeline
2 material updates- #01
SEC Proposes Amendments to Expand Responsible Retailization of Private Markets
The SEC voted to propose amendments aimed at facilitating capital formation by expanding retail investor choice in private markets and encouraging innovation in regulated fund structures.
Source evidence: SEC Press Releases
- #02
美SEC拟放宽私募投资门槛，推动散户进入私募市场
The SEC proposed allowing registered investment advisers to charge up to 20% performance fees and expanding the accredited investor definition to include professionals such as CPAs and CFAs.
State after update: The SEC has proposed amendments to expand retail investor access to private markets, including allowing advisers to charge up to 20% performance fees and expanding the accredited investor definition to include professionals such as CPAs and CFAs.
Source evidence: theblockbeats