July 11, 2014
I agree with the comment submitted by Kiran Lingam (http://www.sec.gov/comments/s7-06-13/s70613-546.pdf) that raising the accredited investor thresholds would be disastrous for startups, job creation and the U.S. economy. I believe the SEC should refrain from increasing these thresholds and should also adopt knowledge/experience based standards for an individual to become an accredited investor.
I run an angel investing group of 100+ members, and if we lose 50 members, it would be a huge setback for all of the positive work we have done. This is extremely important for both economic development and job creation in the US.
Thanks,
Gale Bowman
Managing Director, IrishAngels