HALOS Act of 2023

The HALOS Act of 2023 clarifies rules for early-stage companies (issuers) and angel investor groups, allowing them to participate in certain events without violating securities advertising rules. It requires the SEC to revise regulations so that presentations at events sponsored by entities like government bodies, universities, or accredited angel investor groups are exempt from general solicitation bans - provided the event doesn’t discuss specific securities offerings, charges no fees for introductions, and discloses basic investment risks. This directly affects startups seeking early funding and angel groups organizing investment forums. The bill focuses solely on event participation rules, not on changing investment terms or creating new financial relationships.