SEC Proposes Easing Private Market Access for Individual Investors

The U.S. Securities and Exchange Commission (SEC) has introduced a reform proposal to expand individual investor access to private markets. The plan would allow registered investment advisers to charge performance fees of up to 20%, aiming to encourage more private management firms to serve individual clients. SEC Chair Paul Atkins stated that the agency intends to explore ways to increase retail participation while implementing safeguards against fraud and misconduct. Additionally, the SEC is considering expanding the definition of "accredited investor."