Subject: SEC Regulatory Initiatives Under the JOBS Act: Title III Crowdfunding
From: Michael Shefman

August 21, 2013

My comment would be to suggest that accredited investors continue to be allowed self accreditation up to $10,000 at which point expanded due diligence would be required. Furthermore, accredited and non accredited should be combinable in a given offering allowing an increase in the $1million annual cap by the amount of accredited dollars invested.