The Commission has proposed adjustments to current law to expand the ability of sophisticated investors who choose to invest in private capital markets to include those with experience beyond the income or net-worth test under current rules.
Why It Matters
If the proposal is adopted, more investors would have greater access to investment opportunities - and to take on the accompanying risk or reward.
The public comment period will remain open until March 16, 2020. Go here to learn how to submit your thoughts.
You can learn more about the proposal, including a plain language description and statements by the SEC Chairman and Commissioners, here. For more in-depth information, you can read the proposed rule here.