SEC Could Tighten Eligibility For Private Market Investors

Law 360 – In a story about the SEC moving to tighten eligibility in the private market, Healthy Markets Executive Director Tyler Gellasch is quoted saying  “Wealth and income are terrible proxies for sophistication and sophistication is a terrible proxy for whether or not the securities laws should apply. No matter how sophisticated you are, you need information to make informed decisions.” (Full Story).