Subject: S7-05-20: Question 65
From: N/A N/A
Affiliation:

Jun. 01, 2020

I am contacting the rule-comments@sec.gov committee to strongly encourage the SEC to extend federal preemption to secondary sales of Regulation A or Regulation Crowdfunding securities. 

I have been a long term investor in order to save, commit, and plan for our families retirement over the decades. Recently due in large part to the “2016 JOBS ACT” I have become an investor in StartEngine Crowdfunding, Inc., a startup that has raised capital through a Tier 2 Regulation A campaign. This unique investment opportunity was until recently only available to accredited investors meeting certain financial parameters. I would like the ability to trade these shares in a secondary market place, and support this positive move for investors by the SEC. 

Once again, please provide a federal preemption for Secondary sales of a Tier 2 Regulation A or Regulation Crowdfunding raise so investors from any state, like myself, can trade our shares. 

Thank you for your careful consideration of this extremely important investor request. 

Sincerely, 

Jon F. Stoner