The Securities and Exchange Commission (SEC) on Wednesday (Aug. 26) made it easier for rank-and-file investors to take the risk – and potentially reap the rewards – of alternative investments, such as venture capital and hedge funds.
The Commission, by a 3-2 vote, redefined the term "accredited investor" to remove the requirement that managers of certain high-risk funds only accept capital from investors with assets of $1 million or more.
