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Better Markets Issues Comment Letter on Access to Capital in Private Markets

Better Markets has submitted a comment letter in response to the SEC’s efforts to further de-regulate the capital markets. These proposals are a leap from the Concept Release which the Commission released for public comment last year. We submitted a comment letter in response to that release, and we also submitted a comment letter in response to the separate rule proposal to amend the definition of Accredited Investor. Taken together, these proposals—sold in the name of capital formation—would expose financially unsophisticated retail investors (who often lack the wherewithal to understand risks associated with investing in dark private markets and/or lack the deep pockets to withstand higher-than-normal probability of investment loss) to significant risks of investing in companies that have funding challenges and prefer to not disclose information about their financial condition or growth prospects. Learn more in our comment letter here or by clicking the button below.

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