Angel Group: New SEC Rules Could Kill Angel Investing
socalTECH
JULY 17, 2013
The ACA said the new SEC rules require either pay stubs for the two most recent years for an angel, or review of IRS forms that report income (include a W-2, 1099, or 1040)--which it says its angels would be unwilling to provide. The ACA''s Southern California members include the Tech Coast Angels, the Pasadena Angels, and the Keiretsu Forum.
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