Angel-investor leaders applaud SEC’s new ‘accredited investor’ definition – After this change, having sufficient “knowledge and expertise” is all it takes.

Angel investor leaders are applauding a Securities and Exchange Commission decision that essentially adds brainpower to wealth as qualifications to be “accredited investor.” The decision is seen as a key to bringing more investors to the capital market at a time when the COVID-decimated economy needs a dramatic assist, as well as in the future.

Those angel leaders in the Northwest and elsewhere that I reached out to for comment saw the decision as an “enlightened” action by the federal regulatory body and one likely to bring much-needed capital to early-stage companies.

Mike Flynn