Yesterday, September 23, a new $trillion age of self-directed accredited (and soon non-accredited investor) capital formation has dawned in America. Today, for the first time in 80 years, private US companies can “directly solicit” accredited investors to purchase up to $1 million per year of their private company stock via “equity crowdfunding.” Alternative Asset managers and financial sponsors can also advertise and raise money directly from accredited investors for hedge funds/oil drilling partnerships or private equity deals vs. brokers.
Deregulation of securities laws means Madison Avenue meets Wall Street and private “Angel” venture capital investing goes public with non-accredited households and oh shudder the thought: our all-knowing government finally has admitted that private citizens can evaluate early-stage investments by themselves…glory be!
