SEC Examines Knowledge-Based Investor Access to Private Assets

The SEC is testing a new framework for accessing private assets, prioritizing investor knowledge over wealth as a primary qualification. This initiative promises greater market inclusion but raises concerns about protecting investors and impacting market regulation. The U.S. Securities and Exchange Commission (SEC) has proposed pilot programs utilizing competency-based access frameworks for private asset investments. This shift from traditional wealth-centric criteria aims to boost inclusivity in the financial ecosystem while fostering innovation.