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SEC chair wants more Main Street investors on private deals

Jay Clayton outlines overhaul plans in interview, says changes could happen ‘pretty quickly’

SEC chair wants more Main Street investors on private deals

The Securities and Exchange Commission wants to make it easier for individuals to invest in private companies, including some of the world’s hottest startups, the agency’s chairman said in an interview.

SEC chair Jay Clayton, a Trump appointee wrestling with how to boost flagging interest in public markets, said the commission also wants to take steps to give more individual investors a shot at companies that have been out of their reach because they haven’t gone public.

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