Prepared Remarks Before SEC Speaks
· Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission (United States)
Summary written by Dark Majestic in its own words · topics: growth, investment and productivity
PS · Paul S. Atkins · U.S. Securities and Exchange Commission WikiPrepared Remarks Before SEC SpeaksContextSpeech by Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission.
Why it mattersThe SEC signals it will open closed-end funds holding private assets to ordinary investors.
Problems raised- Retail investors are kept out of closed-end funds holding private funds.
- Private fund assets have grown fast without retail access.
- Regulatory costs end up falling on investors.
Solutions proposed- Review the staff limits on such closed-end funds.
- Widen investment choices in line with investors' horizon and risk.
- Remember that staff statements are not law.
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