August 16, 2013
Please consider alternative proposals to this regulation. The one-year ban equates to a death penalty for most startups. Additionally, it is unfeasible to notify the SEC in advance and file documents every time there is a new communication with investors and include boilerplate with every communication.
Please consider requiring boilerplate only when startups are communicating financing terms and please reconsider the death penalty for noncompliance—it is incommensurate with any harm.
Chuck B., Vermont