Subject: File No. JOBS Act Title I
From: Fred Oswald
Affiliation: Research Engineer, NASA Glenn Res. Ctr.

July 4, 2012

I am an individual investor and I am extremely concerned about the potential for abuse and fraud created by the lax rules allowed for the JOBS Act. This has the potential to allow massive swindling of the public.

If we allow an explosion of fraud in the US, we risk losing our advantage as a place people (mostly) trust for their investment funds.

Please watch this type of activity very carefully and work to reduce fraud.

America is counting on you.

Fred Oswald