1. The SEC is Scrutinizing Whether Mutual Funds Need to Shed More Light on stakes in unicorns like WeWork and Airbnb — and it could mean more protections for mom-and-pop investors

    The SEC is Scrutinizing Whether Mutual Funds Need to Shed More Light on stakes in unicorns like WeWork and Airbnb — and it could mean more protections for mom-and-pop investors
    • The SEC is stepping up scrutiny of mutual funds that hold investments in private companies, according to three people with knowledge of the agency's discussions.
    • Officials have reached out to mutual fund managers and others, asking for input into whether the regulator is doing enough to protect retail investors from the risk that comes from allowing mutual funds to invest in private companies, the people said...
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    1. Any valuation is guesswork because there's no continuous marketplace for these companies.
    2. If you would like to invest in those companies as a retail investor there wasn't much you could do
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