July 23, 2014
I agree with the comment submitted Kiran Lingam at SeedInvest available at http://www.sec.gov/comments/s7-06-13/s70613-546.pdf that raising the accredited investor thresholds would be disastrous for startups, job creation and the U.S. economy. I believe the SEC should refrain from increasing these thresholds and should also adopt knowledge/experience based standards for an individual to become an accredited investors.
The JOBS act was passed out of a real need to increase investment in private companies by common investors. Raising the accredited investor threshold is not only ill-conceived but it is a moral outrage.