Meyer Wilson Founding Principal David P. Meyer has co-authored an article published by Financial Planning about the need for pro-investor reforms at the SEC.
In the article – Election 2020: Restoring balance, and investor protections, at the SEC – Mr. Meyer and co-authors discuss how the SEC’s mission to protect investors has eroded over the past four years in favor of facilitating capital formation.
With the arrival of a new administration, Mr. Meyer and his co-authors lay out arguments for a number of needed reforms that can help the SEC immediately restore investor protections and preserve pubic trust in the market. These include reforms for:
- Updating the SEC’s definition of “accredited investor” to account for inflation since standards were first adopted in the early 1980s.
- Walking back expansions to private markets to ensure private placements are sold only to experienced investors with the appropriate risk-tolerance and ability to properly vet investments.
- Halting efforts to allow unregistered “finders” to solicit investors for private placements.
- Improving regulations regarding Regulation Best Interest, defining “best interest”, and imposing a true fiduciary on brokers and their firms to ensure brokers are required to do what’s best for the investor.
Read the full article published by Financial-Planning.com here.
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