The JOBS Act has been widely hailed as a measure which will significantly liberalize capital raising for small businesses and startups. However, as this article points out, certain methods of capital raising on which companies widely relied might be shut down by the language of the Act. The method so profiled in this article is the self-certification of angel investors that they are, in fact, accredited; the article notes that whether or not this self-certification will be allowed to continue is one of the many balls in the SEC's court.
- Summary by FizzLaw Team
Read the Article at:
Trust, or verify?