Subject: File No. JOBS Act Title I
From: David A Kennedy

July 2, 2012

The act excuses emerging growth companies from independent accounting requirements, rolls back rules designed to prevent conflicts of interests among ostensibly independent Wall Street analysts, allows companies to confidentially submit their IPO paperwork prior to actually going public, and makes it easier for executives to mask exorbitant and usurious pay packages.

Please increase oversight considerably to increase confidence in the markets for the individual investor.