On the campaign trail, President Trump promised to revive the American economy and deliver greater opportunity for working families: to create “a middle class that is once again the envy of the entire world.” Making that pledge a reality starts with tax cuts and deregulation but doesn’t end there. It will require policymakers to reconsider who has access to wealth-building opportunities.

Unfortunately, far too many Americans lack the tools available to the wealthy. More Americans deserve the opportunity to invest in private markets, and that’s something Trump’s administration can provide. 

The Securities and Exchange Commission has a unique opportunity to help level the playing field. It has been more than 30 years since the agency reviewed the regulatory framework for retail funds created by the

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