October 27, 2013
We currently depend on the new startup companies to bring us out of the recession. These companies created a more productive economy, consumer spendings, new jobs. Before our economy is more stable that it is, I don't think our focus should be putting burden on the startup companies because we would like a more competitive market to stimulate the growth of the economy and our GDP. I would fully back and support with the SEC crowdfunding proposal when we have reach a better economic stability. I believe the transparency will lessen the possibility of a similar financial crisis in the future. At the moment, I do not support the proposal and I hope the SEC can support any form of new startups from succeeding than to hinder them with additional regulations.