Investments
Feb. 28, 2011
SEC Change Will Limit Startup Investors
The Securities and Exchange Commission will impose a new definition of the term "accredited investor" that will lower the number people eligible to finance startup companies via angel capital funds.
Daily Journal Staff Writer
The Securities and Exchange Commission is imposing new regulations that will reduce the number of investors eligible to fund the high-tech and biotechnology startup companies that many attorneys say are essential to California's future economic growth.
The SEC's new definition of an "accredited investor" will be a blow to entrepreneurs struggling to raise cash at a time when startup...
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