Flynn’s Harp: SEC pace on JOBS Act rules worries angels

The federal JOBS Act aimed at opening the door for entrepreneurs to reach out to crowds of potential investors on the internet appears, ironically, to be hung up at the Securities and Exchange Commission (SEC) on the issue of tighter restrictions on entrepreneurs who seek more sophisticated investors.

In fact, angel-investor leaders are concerned that the SEC’s deliberations may produce rules that make it harder for entrepreneurs to raise money from those wealthier individuals, referred to as "accredited" investors.

by Mike Flynn

Full Story: http://www.emikeflynn.com/blog/193/flynn39s-harp-sec-pace-on-jobs-act-rules-worries-a/