Remarks at U.S. Chamber of Commerce Center for Capital Markets Competitiveness
· 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 WikiRemarks at U.S. Chamber of Commerce Center for Capital Markets CompetitivenessContextSpeech by Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission.
Why it mattersThe SEC Chair backs the INVEST Act, which would widen who can invest in private companies.
Problems raised- Accredited investor rules rely on wealth, not knowledge.
- Ordinary investors are shut out of private offerings.
- Retirement accounts have narrow choices.
Solutions proposed- Allow a knowledge-based path to accredited investor status.
- Support the INVEST Act passed by the House.
- Widen investment options in retirement accounts.
Read full speech on sec.gov ↗More from Paul S. Atkins · U.S. Securities and Exchange Commission · all speeches
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