June 3, 2012
I urge the SEC to protect investors while allowing filmmakers to access the Crowdfunding Act provisions without onerous restrictions. If the demands and expense common for the current Private Placement Memorandum continue, requiring tens of thousands of dollars and months of effort be spent prior to crowdfunding, the spirit of the CROWDFUNDING ACT will be thwarted for most indie filmmakers. Please find ways to protect the investors without thwarting the filmmakers.