August 19, 2013
As an accredited investor, general partner and Co-Chairman of Georgetown Angels, I find it necessary to comment on the proposed rules that SEC is set to employ for the rmendments to Regulation D, Form D and Rule 156 under the Securities Act.
while I am sure others have stated their discontent, disappointments and such. My point is quite simple. The propsed requirements will stifle the startup industry and reduce the amount of capital, not only cash but also advice and counsel, to early stage companies that are the core of the business environment of the US.
Why should small new companies be burdened with costly and complex reporting requirments where none had existed before in a fully functional marketplace?
I urge the SEC to reconsider thier proposed rules and seek out advice from the very investors and professionals that know best.