📋 SEC voted to open private markets to retail 🧵 🗳️ TODAY, 10am EDT: SEC (3 commissioners, 0 Democrats) voted to PROPOSE rules expanding retail access to priv

📋 SEC voted to open private markets to retail 🧵 🗳️ TODAY, 10am EDT: SEC (3 commissioners, 0 Democrats) voted to PROPOSE rules expanding retail access to private assets. 📦 THE PACKAGE: 1️⃣ Advisers could charge up to 20% performance fees 💰 (now: wealthy only) 2️⃣ Closed-end fund redemption + sha…