Subject: File No. JOBS Act Title III
From: Roy Philipose

June 30, 2012

Sir/Mam,

2nd comment.

To help reduce fraud, I would ask that "all companies file an annual report" with a qualified accountant in good standing for at least five years. A quarterly report filing would be too cumbersome, though could be filed on voluntarily basis.

Yours,
Roy Philipose
Investor/Entrepreneur