1. SEC Moves to Expand Mom-and-Pop Investor Access to Risky Funds

    SEC Moves to Expand Mom-and-Pop Investor Access to Risky Funds

    The Securities and Exchange Commission is moving to give ordinary investors far greater access to hedge funds and potentially risky private stock offerings, an action that's drawing fire from consumer advocates, unions and Democrats...

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  2. Quotes

    1. There is no free lunch in financial markets, and pretending otherwise puts ordinary investors at risk.
    2. Wealth is a crude measure of a person's ability to make financial decisions.
    3. There is serious risk to retail investors, particularly elderly investors who have spent a lifetime saving for retirement, in the path this proposal takes.
    4. It is important to provide additional opportunities for a wider range of investors to participate in the potential growth presented by private offerings, while maintaining investor protection.
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