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SEC Proposes Rules Expanding Retail Access to Private Markets

By Drooid · Oct 1, 2026, 10:50 PM UTC · How we work

Summary

Story summary

The U.S. Securities and Exchange Commission proposed rules to expand retail access to private markets.
Chairman Paul S. Atkins described the plan as “responsible retailization” of private markets.
Advisors may charge performance fees up to 20% from regulated funds under the proposal.
FINRA will offer a 75-question accredited-investor exam costing $100, valid for ten years.
The SEC seeks public comment for 60 days after the Federal Register notice.

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Story summary

The U.S. Securities and Exchange Commission proposed rules to expand retail access to private markets.
Chairman Paul S. Atkins described the plan as “responsible retailization” of private markets.
Advisors may charge performance fees up to 20% from regulated funds under the proposal.
FINRA will offer a 75-question accredited-investor exam costing $100, valid for ten years.
The SEC seeks public comment for 60 days after the Federal Register notice.