Latest news with #PaulS.Atkins
Time of India
3 days ago
- Business
- Time of India
Wall Street wants to make private markets a little more public
There's a new darling on Wall Street : private markets . Because that's where the party is now. Companies are staying private for longer-the number of publicly traded companies has dropped by nearly half over the past three decades, with nearly 1,500 startups worldwide currently boasting a valuation of $1 billion or more-and, according to the global consultancy Bain & Company, private market assets have more than tripled since 2013. The firm expects them to grow twice as fast as public assets in the future, reaching $62 trillion globally by 2034. Explore courses from Top Institutes in Select a Course Category MCA Healthcare Product Management MBA CXO Data Science Artificial Intelligence Technology others Data Science Digital Marketing Finance Project Management healthcare Operations Management Others Leadership Management Public Policy Design Thinking Cybersecurity PGDM Degree Data Analytics Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Historically, private equity investments were accessible only to wealthy and experienced investors. But in recent years, interest has soared among the retail class. Fund managers, brokerage houses and savvy startups are racing to build new products that expand access to all, and the newly appointed chair of the Securities and Exchange Commission , Paul S. Atkins, has signalled he supports the goal. "This is just the beginning," said the senior vice president of Robinhood Crypto, Johann Kerbrat, who is leading Robinhood's efforts to make PE tradable on its platform. Live Events Washington appears to be on board. Investments in private companies have typically been reserved for " accredited investors "-people that earn more than $200,000 a year or have a net worth of at least $1 million. The requirement is meant to protect everyday investors from high-risk investments. "There's not a lot of clarity, you can't get your money out, and you might lose all your money," said Jonathan Foster, the CEO at Angeles Wealth Management. Atkins indicated in May he planned to expand private markets access for retail investors. " Financial innovation sometimes means getting out of the way of capital formation," he said. The White House is reportedly finalising an executive order allowing 401(k) retirement savings plans to invest in private equity, according to The Wall Street Journal. That would ease the legal concerns that have kept private equity out of the US defined contribution market, which has grown from $9.6 trillion in 2022 to $12.4 trillion in 2024. New firms specialise in a secondary market for private shares. Trading platforms such as Forge Global, Destiny, Augment, Hiive, and EquityZen act as middlemen between early employees of private companies looking to sell their shares and public investors hoping to put their money in the private entity. Forge, for example, currently offers investment opportunities in roughly 200 hotshot private companies such as SpaceX, OpenAI, Anthropic, Figma and Stripe-with nearly 2,000 companies on the firm's radar. While these platforms require investors to be accredited, they have made it easier to find private shares (sometimes without permission from the companies that issued them). In March, Forge lowered its minimum investment threshold to just $5,000. "We believe in broadening access to all investors," said the company's chief strategy officer, Howe Ng, adding that Forge's total trading volume for the first quarter of 2025 increased by 132% over the prior quarter, topping out at $692.4 million.
Yahoo
11-06-2025
- Business
- Yahoo
US will resume accreditation of Swiss investment advisers
(Reuters) -The U.S. will resume processing applications from Swiss entities aiming to become registered investment advisers in the U.S., the U.S. Securities and Exchange Commission and Swiss financial market regulator FINMA said in separate statements on Tuesday. SEC had suspended new registrations for several years and would lift the ban with immediate effect after the watchdogs agreed on a direct transmission of information from Swiss institutions to SEC staff and on-site examinations, the statements said. "I am very pleased to announce that the SEC stands ready to provide prompt consideration of the registration applications from Swiss investment advisers," SEC Chairman Paul S. Atkins said. "I thank my FINMA counterparts for their collaboration and welcome their actions to make this possible." 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
11-06-2025
- Business
- Yahoo
US will resume accreditation of Swiss investment advisers
(Reuters) -The U.S. will resume processing applications from Swiss entities aiming to become registered investment advisers in the U.S., the U.S. Securities and Exchange Commission and Swiss financial market regulator FINMA said in separate statements on Tuesday. SEC had suspended new registrations for several years and would lift the ban with immediate effect after the watchdogs agreed on a direct transmission of information from Swiss institutions to SEC staff and on-site examinations, the statements said. "I am very pleased to announce that the SEC stands ready to provide prompt consideration of the registration applications from Swiss investment advisers," SEC Chairman Paul S. Atkins said. "I thank my FINMA counterparts for their collaboration and welcome their actions to make this possible." Sign in to access your portfolio
Forbes
23-04-2025
- Business
- Forbes
Bitcoin Prices Rally To 6-Week High As Bullish Factors Fuel Gains
Bitcoin prices appreciated today, climbing to their most inflated value since early March as the digital currency benefits from multiple bullish developments. The world's most prominent cryptocurrency reached roughly $93,840 today, according to Coinbase data from TradingView. At this point, it was trading at its highest point since roughly March 3. The digital asset has been benefiting from a broad, upward trend over the last few weeks, after repeatedly falling below $75,000 earlier in April, additional Coinbase figures from TradingView reveal. The digital currency has climbed approximately 25% since reaching that intramonth low. When asked to explain bitcoin's latest price movements, analysts highlighted several key factors, including anticipation surrounding a possible de-escalation of the so-called trade war and the fact that U.S. Securities and Exchange Commission Chairman Paul S. Atkins, who was nominated by President Donald Trump following his electoral victory, assumed his new position yesterday. The new SEC head has formally taken the reigns of the highly visible regulatory body, which was up until recently led by interim chief Mark Uyeda, who Trump named acting chairman on January 21. Pierce Crosby, managing partner of strategy consulting firm Merchant Seven, commented on Atkins taking the reins of the nation's premier securities regulator, stating via email that 'No doubt the new SEC chair is a very prominent component of the new regime shift towards positive performance.' However, he added that what had an even greater impact on the markets was 'the language from Secretary [Scott] Bessent around the current trade war or tariff war, between China and the US.' Earlier today, Bessent stated in a private speech that the current tariff situation involving the U.S. and China is not 'sustainable,' according to The Associated Press, which was able to obtain a transcript of this speech. Crosby emphasized the importance of this communication, stating that 'such a statement by a top official signals a very bullish sentiment for the near-term from the administration.' Several analysts pointed out that bitcoin has been rising along with risk assets as of late. Tim Enneking, managing partner of Psalion, highlighted this development, stating via email that 'BTC has been highly correlated with equity markets (especially US equity markets) this year in particular.' 'Basically, as the average profile of BTC traders becomes more institutional, BTC has been lumped in with all 'risk on' assets,' he continued. George Kailas, CEO of also weighed in, stressing that a major cause of bitcoin's recent gains was 'the way risk based assets are moving around tariffs." "And BTC is acting much more like a high growth tech stock around this than say gold which has done very well with tariff risk," he added. 'I make that comparison because that was often the promise of BTC when people talked about its 'future.' No, on the contrary it looks like a 24 hour way to trade market/growth risk that is also attracting a lot of leverage.' The crypto/blockchain space is benefiting from positive developments like greater institutional involvement and rising asset prices now that the SEC is under new leadership, one analyst claimed. 'This rally is the kind of thing that happens when the market sees that the grown-ups are finally taking over. Paul Atkins stepping in at the SEC is something that the industry is interpreting as a major signal for altcoin ETFs and a broader institutional unlock,' Mike Cahill, CEO of Douro Labs, stated via email. 'Bitcoin's not just reacting to the macro anymore—it's doing what it was always meant to do: front-run policy. At the same time, institutions are no longer asking if they should enter the crypto space; now, they're figuring out how deep they want to go,' he stated.
