Reg D / Private Placement — angel investor wants board seat

I've been trying to resolve this on my own but I'm stuck.

angel investor wants board seat. I've been dealing with this for about 6 weeks now and the situation isn't improving.

I have already tried to resolve this directly but did not get a clear answer.

What's the typical outcome in situations like this?

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

NAL, but from what I've read, you should file a complaint. That said, definitely get a lawyer to look at the specifics.

Have you tried reaching out to your state's attorney general? They sometimes have free resources or mediation services.

I went through almost the exact same thing.

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

I've dealt with this before.

The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

Licensed attorney — a few thoughts. Here's my take on the legal issues.

This is a common situation and the law is fairly clear. Under the relevant statute, actionable.

You should consult with a local attorney who handles these cases. Many offer free initial consultations.

Have you tried reaching out to your state's labor board? They sometimes have free resources or mediation services.