Alternative Asset Managers Look for an Aisle in the Retail Market
Richard Morris was quoted in The Deal about the potential of individual investors having access to alternative investments like private equity. "To say that an individual investor is going to be permitted to buy an alternative investment product ... that's probably not going to happen," Morris said. "The very underpinning of securities law is protection. I think the SEC takes a great deal of comfort that, even in the last several major meltdowns [in the financial system] that we haven't revisited the 1930s."