The Securities Law Blog: SEC Wants All Investors to Access High Risk Invest...



The Securities Law Blog: SEC Wants All Investors to Access High Risk Invest...: In a startling about-face, Acting Securities and Exchange Commissioner Michael Piwowar called for allowing every investor to buy unregistered securities


Basically it allows anyone to invest in what pro's invest in, which is strange to allow. Also, since they are seeking to restrict the fiduciary rule, that means a broker could put you in a bad investment and get paid on it, knowing it was a risky investment, and not have repercussions. This type of investment activity is what led - in part - to the great depression.