Retail Money Is Pouring Into Private Markets. What Could Go Wrong?
This article features commentary from Senior Special Counsel and co-chair of KKC’s SEC/CFTC Practice Group
“Smart money is pretty good at calling the top or at least noticing a bubble,” said Andrew Feller, a former senior policy adviser at the Securities and Exchange Commission who’s now a senior special counsel at Kohn, Kohn & Colapinto LLP. “They’re trying to create an environment where retail investors want to put money in to effectively bail themselves out. That makes me nervous.”
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February 24, 2026
