Subject: File No. JOBS Act Title I
From: Darren D Nakos
Affiliation: Real Estate

July 3, 2012

The JOBS act is an incredible step in the right direction to get our economy back on track. No doubt the available capital to small business will spur some incredible success stories. As it relates to real estate syndication, there are more secure ways to protect the investor, such as requiring escrow of funds with restrictions to only be able to invest such funds in real property. This influx of capital will not only help small businesses to create jobs, it will also help the real estate industry to make a comeback.

I look forward to the SEC rules for which the JOBS act will be governed. I am confident you will come up with a system which weed out the bad, and allow the good to prosper for the entire country.