SEC Floats $100 Exam to Open Private Markets to Retail Investors
- —Roughly 75 multiple-choice questions, about two hours, in person only, fee near $100
- —A pass would remain valid for 10 years; FINRA would administer the exam
- —Investment risks carry the most weight at 20% to 28% of the test
- —SEC is also weighing automatic qualification for CPAs, CFA charterholders and CFPs
Why it matters: Approval would widen retail access to private markets and could funnel new clients to crypto firms such as Coinbase and MoonPay.
Source: BeInCrypto