SEC Leaves Door Open For More Private Market Expansion

Law 360 – In a story about the SEC’s changes to accredited investor’s, Healthy Markets Executive Director Tyler Gellasch is quoted saying “In Chairman Clayton’s final days, the SEC is continuing its hyperpartisan crusade to exempt people, companies, and industries from the protections of the federal securities laws.” and  “it’s hard to see the SEC denying accredited status to other professionals who can show financial sophistication, such as chartered financial analysts, certified public accountants, or individuals with advanced degrees in business or law. Regardless of personal wealth or sophistication, investors of private securities have less ability to assess their risks. No matter how rich you are or how sophisticated you are, if you don’t have the information and the rights, you are just gambling.”

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