SEC Weighs Letting Exam-Passing Investors Into Private Markets
- —SEC published a Sept. 30 proposal to treat FINRA exam passers as accredited investors
- —Current rules rely on income and net worth; the new path would test securities knowledge and risk assessment
- —DCG founder Barry Silbert said the discussion matches his 2011 proposal
- —A key question is whether passing an exam alone sufficiently protects investors
Why it matters: If adopted, the rule would widen access to private markets and crypto investments beyond wealth-based criteria.
Source: TokenPost