SEC Preps Plan to Widen Investor Access to Private Markets
Action Required: Monitor SEC rulemaking updates to understand how changes to 'qualified client' definitions will impact current fee agreements and private placement offerings.
The SEC is preparing a plan to expand investor access to private markets, potentially altering the criteria for charging performance fees. This regulatory shift could broaden the client base eligible for private market investments, requiring advisors to adjust their fee structures and compliance protocols.
Read full article at WealthManagement.comWant the full daily Briefing?
30 stories like this every day, with Action Required call-outs and direct lines to ask Aria — finsay's AI compliance assistant.
Try free for 14 daysRelated stories
- SEC Crypto Custody Proposal Draws Divisive Reactions
The SEC has proposed new rules that could allow financial advisors to self-custody crypto assets under specific conditions, aiming to reduce…
- SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws
The SEC has proposed new rules to establish a formal framework for how registered investment advisers and funds must custody crypto assets. …
- SEC Censures, Fines Zoe Financial Over Alleged Conflicts of Interest
The SEC has censured and fined Zoe Financial, a digital platform connecting investors with financial advisors, for failing to disclose confl…