Subject: File No. JOBS Act Title I
From: David P Ehlinger

June 27, 2012

The credibility of the market place is at stake in the JOBS Act. We have seen widespread fraud and inappropriate accounting throughout the business community in the last two decades including such companies as Enron, Qwest, MCI/WorldComm. The cost of capital is directly related to the ability of investors to obtain reliable and trustworthy information. The exemptions created by JOBS put that at risk and ultimately will cost jobs not create them.

David Ehlinger
West Linn, Oregon