Subject: File No. JOBS Act Title I
From: Elyse Grusky, MA
Affiliation: Individual investor

June 28, 2012

To protect individual investors against any unintended consequences of the JOBS Act, I hope the SEC will offer an immediate and robust response to its worst parts.

Among these are "Crowdfunding," in which the opportunities for misuse and abuse are enormous due to the inherently speculative nature of crowdfunding businesses and weaker accounting scrutiny and corporate governance

The act excuses emerging growth companies from independent accounting requirements, rolls back rules designed to prevent conflicts of interests among ostensibly "independent" Wall Street analysts, allows companies to confidentially submit their IPO paperwork prior to actually going public, and makes it easier for executives to mask exorbitant and usurious pay packages.

I would love less government and regulatory oversight, but until we as a human race become more ethical and less greedy in our business dealings, we will need the SEC to do the job it was intended to do.