SEC (Securities and Exchange Commission) Commissioner Robert Jackson has expressed concerns about allowing ordinary retail investors to participate in private placements normally reserved for accredited clients. Securities and Exchange Commission Chairman Jay Clayton has previously expressed a desire to allow retail customers greater access to private markets and more sophisticated investment products, such as hedge funds and private-equity offerings. While Commissioner Jackson has voted in favour of publishing a document on easing rules surrounding investments in such products, he has also noted the Securities and Exchange Commission "lacks the data to measure fraud in this space".
Securities and Exchange Commission (SEC) Commissioner Robert Jackson has expressed concerns about allowing ordinary retail investors to participate in private placements normally reserved for accredited clients. SEC Chairman Jay Clayton has previously expressed a desire to allow retail customers greater access to private markets and more sophisticated investment products, such as hedge funds and private-equity offerings. While Commissioner Jackson has voted in favour of publishing a document on easing rules surrounding investments in such products, he has also noted the SEC "lacks the data to measure fraud in this space".