(CBS News) Those who earn less than $200,000 a year — that’s most people — face a barrier when it comes to the kinds of investments they can make. Acting Securities and Exchange Commission (SEC) Chair Michael Piwowar wants to tear it down. Piwowar is targeting the SEC’s Regulation D, which divides investors into two categories: those who can invest in the realm of private equity and partnerships, hedge funds and other esoteric products, and those who can’t.
Should Hedge Funds Be Open to Average Investors?
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