US SEC mulls plan to allow more investors access to hedge funds, unicorns

US SEC mulls plan to allow more investors access to hedge funds, unicorns

Pedestrians walk down Wall Street in New York, U.S. Thursday, April 22nd 2010. Bloomberg.

U.S. regulators are poised to add new criteria for who’s considered a sophisticated investor in an effort to allow more people to invest in hedge funds or hot startups that have become known for raising billions of dollars outside of public markets.