Mar. 31, 2020
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Dear SEC, I am writing the letter to encourage the SEC to increase the limits of Regulation Crowdfunding from $1.07M to $5M to help small businesses as they struggle with COVID-19. 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 considering to increase the limits of Regulation Crowdfunding. Best Regards, Guenadi Jilevski