August 18, 2013
Any further restrictions or regulatory overhead will cause a chill on startups - Americas corporate future - from forming and growing.
Rationally the SEC should allow a year and revisit these proposals with actual experience.
The difficulty of undoing any unintended consequences should be enough incentive to cause the SEC to not impose restrictions or further requirements at this time.
Entrepreneurs are and will remain required to get confirmation of an investors net worth and will still have to file as before.
All the best with your important rule making.