The SEC has “an important mandate to ensure the responsible retailization of private markets,” said Blair Burnett, branch chief in the SEC Division of Investment Management’s Rulemaking Office, at the SEC’s Private Markets Roundtable. The agency seeks to “reduce regulatory barriers that prevent retail investors from accessing diverse investment opportunities in the private markets while maintaining, of course, core investor protections and appropriate safeguards.” Moderated by Burnett, the panel focused on investment vehicles providing access to private market strategies; valuation processes and concerns; issues posed by semi-liquid funds; and potential risks with fee structures. This article synthesizes the key takeaways from the discussion. See “After Retail Gets Access to Alts, Then What?” (Mar. 5, 2026).