# SEC Proposes Wider Private-Market Access for Individual Investors

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/25901
Published: 2026-09-30T16:12:34.000Z
Updated: 2026-09-30T16:12:34.000Z
Section: Regulation

> The package would expand accredited-investor eligibility and let registered investment advisers charge performance fees of up to 20% in some funds.

The Securities and Exchange Commission proposed reforms Wednesday to widen individual access to private markets, potentially expanding the pool of capital available to private-equity, early-stage and alternative-asset managers.

One proposal would allow registered investment advisers to charge performance-based fees of up to 20% based on fund results. The change would give more managers access to a fee structure commonly used by some hedge funds while they serve individual investors.

The SEC also proposed expanding the definition of an accredited investor, a person eligible to participate in certain private-market offerings. The revised criteria would include more holders of professional qualifications, including certified public accountants and chartered financial analysts.

SEC Chair Paul Atkins said the commission wants to examine ways to broaden individual participation while protecting investors from fraud and misconduct. The proposals could affect fundraising channels for private and alternative-asset strategies, including those connected to crypto markets.