The SEC commissioners just voted 4-1
to end the ban on general solicitation, which could result in some fundamental
changes for the private capital markets (both companies and funds).
This change
may make it possible for angel groups to promote their deals to a wider audience.
But the SEC also put some new rules
in place, which could complicate things for those who want to take
advantage of the new flexibility (and help provide lots more billable hours for
attorneys).
We expect the Angel Capital
Association will assist us in interpreting the new rules.
For more details, please go here to read Dan Primack’s thoughts directly.
Subscribe to the Angel Investing News
For more details, please go here to read Dan Primack’s thoughts directly.
Subscribe to the Angel Investing News
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