The Securities and Exchange Commission voted for new rules Friday that allow individuals at all levels to invest in startups — and that could give Washington-area startups a boost.
The rule, expected to take effect Jan. 29, 2016, allows companies to raise up to $1 million in a 12-month period through a crowdfunding campaign. In the past, only individual investors with higher net worth were able to obtain accreditation from the SEC. Now anyone can choose to invest.
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