The OSC wants to open private equity investing to retail investors. I think it’s a bad idea.

The private markets are riddled with conflicts of interest, provide minimal disclosure and are largely overvalued.

Most importantly, the illiquidity premium it supposedly provides is non-existent. But these products pay sexy fees back to the PE firm.

Opening the private markets to retail is for the benefit of finance professionals, not retail investors.

We need to fix our public markets and ease the regulatory burdens rather than letting unsophisticated investors into markets with little oversight.