Subject: File No. 4-692
From: Darrell J Leamon
Affiliation: Real Estate Developer

April 29, 2016

Any changes to the accredited investor definition should be directed toward liberalizing the standards. To the contrary, restricting small investors will reaffirm the avarice of institutional sponsors, limit wealth building potential for small inventors and stifle local trade and commerce. I dont doubt that big sponsors and their attorneys wish to limit the freedom of small sponsors and their investors. They want the money for themselves. Leave the system alone or make it easier for small sponsors and their investors. Thats an imperative.