Subject: S7-05-20
From: Joel Berger

Mar. 29, 2020


To Whom It May Concern, 

We are very supportive of the proposed release 33-10763 in its entirety. Small businesses are the hardest hit by the Coronavirus crisis. They need access to capital, but the sources are drying up fast. Regulation Crowdfunding is a great rule, but the $1.07M limit is too low to be meaningful. We would like the SEC to immediately raise it to $5M to help businesses that are hurting right now. On behalf of all small businesses, thank you for your help in getting the SEC to increase the limits of Regulation Crowdfunding. 

Joel Berger 
Southtowns Management Group Inc.