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slash Wall Street. Here's your money briefing for Friday, October 25th. I'm

Ariana Spoodoo for the Wall Street Journal, filling in for J.R. Wayland.

The debate over whether wealth or intelligence should determine who could invest in private markets

is shifting.

Recently, a group of lawmakers have proposed a test to see if someone should have access

to these high-, high reward investments.

Score enough points and you could be in.

There seems to be this feeling that there needs to be some level of financial sophistication

for individuals who want to invest in these securities.

But what determines financial sophistication?

Is it that you have enough money that if you do lose a lot, you'll be okay, or if you do lose a lot you'll be okay or if you have this financial knowledge

should that be the determining factor?

Wall Street Journal reporter Cori Dreebush joins me. After the break.

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