A reader asks: I saw your
story in March about how Senator Dodd’s financial reform bill could
destroy angel investing. I see now that the bill has passed, with
certain amendments made in the U.S. Senate that watered down some of the
provisions. What’s the story with this issue? Will the bill still hurt angel investing?
Answer: There’s good news and bad news.
The good news is that the financial reform bill recently passed by Congress omitted the most troubling provision in Sen. Dodd’s original proposal, which essentially required a filing with the SEC in connection with any seed or angel financing (even if all the investors were “accredited investors”) and potentially gave state securities commission(s) the right to review the merits of the financing
To read the full, original article click on this link: What effect will the financial reform bill have on angel investing? | VentureBeat
Author: Scott Edward Walker
