Tag Archives: Silicon Valley Business Journal

The ACA Warns the SEC

In a recent article by Silicon Valley Business Journal‘s Cromwell Schubarth, an unexpected consequence to last week’s SEC decision has been unearthed. In response to last week’s decision to end the ban on general solicitation, the Angel Capital Association issued a warning. The group warned that many of its thousands of investors will stop investing if forced to submit financial documentation to verify their accreditation as investors. This is an example of another well-meaning but unrealistic program. Contrary to the original intent of the JOBS act, this may be a detrimental repercussion to the startup community. Read the full article here.