Trophy Hunting – I just don’t understand
Read moreLike many animal lovers, my first reaction was outrage at the senseless death of Cecil the lion by Walter Palmer. I let my first draft post that reflected my outrage subside into thought – I just couldn’t understand why a successful American dentist would feel the need to take the life of a beautiful African creature. Then I learned that
Note to the SEC on Accredited Investor Definition
Read more8 June 2014 The Honorable Mary Jo White, Chairman US Securities and Exchange Commission 100 F St. NE Washington, DC 20549 RE: Accredited Investor Definition Dear Chairman White: As a board member of the Angel Capital Association (ACA) and the Chair of the Seattle Alliance of Angels, I urge the Commission to protect angel funding to
Comment to the SEC
Read moreNovember 4, 2013 Elizabeth Murphy, Secretary U.S. Securities and Exchange Commission 100 F Street NE Washington, DC 20549 Re: File No. S7‐06‐13, Amendments to Regulation D, Form D and Rule 156 Dear Ms. Murphy: Thank you for the opportunity to provide comments to the Commission on your proposed amendments to Regulation D and Form D. Many others have provided
Why is the ACA making a big deal about the SEC proposed ruling?
Read moreI am being asked, why is the SEC proposed ruling such a big issue? Unless you read the entire ruling and get to talk either directly or indirectly to SEC staff, it doesn’t seem like a big issue. Simply put, the proposed SEC ruling is (a) trying to fix a problem that doesn’t exist; (b) will increase risk in our
Too Much Complexity, so Tell the SEC
Read moreAs a rule I live by, “if it ain’t broke, don’t fix it!” The new SEC rules violate that basic principle (see: http://www.startuplawblog.com/ or my previous posts). There is virtually no fraud in the Angel Investing asset class, but the SEC has decided to impose (without a Congressional mandate) stringent new rules that will cripple angel investing. Let me use
