In the wake of the financial meltdown, a new
set of financial regulations proposed by Senator Christopher Dodd
aimed at plugging the "too big to fail" loopholes could have some
negative side effects for the angel investment community. According to a
report from the Seattle-based site TechFlash, Dodd's bill would
require that angel investments be approved by the SEC, a process that
could take as many as 120 days to complete.
But that's just the tip of the iceberg. The enormous reform bill (some 1300+ pages) also gives the SEC the ability to delegate regulatory authority to state governments on investments it deems too small in size or scope. Angel investors themselves could be place under the regulatory microscope as well; the bill wants to raise the income level it takes to become an accredited investor, perhaps even doubling the requirement.
To read the full, original article click on this link: Proposed Financial Regulations Could Cripple Angel Investing - ReadWriteStart
Author: Chris
Cameron
