SEC Investor Panel Bends to New Reality on Private Markets

Also, Schulp leaves Cato for SEC job, sources say; Senate banking spokesman also joins agency

Sponsored by the Bank Policy Institute

The SEC’s investor advisory committee has been criticized for its left-leaning policy views and a lack of ideological diversity among its membership. But at least on one issue, the group is embracing a more pragmatic tack, one that tacitly acknowledges that elections have consequences.

Late last week, the panel overw…