By SIMON CONSTABLE
A bigger world of investing could soon open up for small investors.
The Securities and Exchange Commission is considering allowing the masses to invest in private-equity funds, which typically buy stakes in nonpublic companies. Currently, such investments are restricted mostly to institutions and well-heeled investors, or those with a net worth (excluding their primary residence) of $1 million or more, or annual income of at least $200,000 for the past two years. Read more here.
A bigger world of investing could soon open up for small investors.
The Securities and Exchange Commission is considering allowing the masses to invest in private-equity funds, which typically buy stakes in nonpublic companies. Currently, such investments are restricted mostly to institutions and well-heeled investors, or those with a net worth (excluding their primary residence) of $1 million or more, or annual income of at least $200,000 for the past two years. Read more here.
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