Commissioner Herren Lee lists her opposition to capital formation rule

The "evidence suggests that retail investors would actually do worse in the private markets .... This rule is in large part also opposed by state securities regulators – those on the front lines fighting fraud in private markets. They have made clear that these changes will make it harder to police the private market and will therefore leave more vulnerable investors at risk"

To read this article, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

New to Regulatory Compliance Watch?

Register now to read this article and more for free.