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Unease Mounts Over New Rules for Angel Investing

The booming business of angel investing is about to get more complicated.

U.S. regulators are working to relax the rules limiting individual investments in early-stage companies, which is expected to open the door wider to crowdfunding and other early-stage financing innovations. But angel investors in Silicon Valley and around the country are now concerned that a confluence of several new laws and regulatory decisions will work in the other direction, raising new barriers for wealthy individual investors who want to back entrepreneurs.

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