SEC Proposes Expanded Retail Access to Private Fund: What Institutional Investors Need to Know
Introduction On September 30, 2026, the Securities and Exchange Commission (SEC) announced a series of steps designed to open retail investor access to private funds. This announcement and the proposals it contained are the most significant movement in expanding retail investor access to private funds since President Trump's August 2025 Executive Order that addressed the President's directive to the Department of Labor (DOL) to coordinate with the SEC on expanding…

