August 19, 2013
I am opposed to most of the proposed rules.
If the intent of Congress is to make it easier for startup companies to raise funds, it is the duty of the SEC to actually make it easier -- and not to burden these small startup businesses with burdensome rules and reporting. And an automatic 1-year suspension of all fundraising in the event of an error or mis-step is completely crazy.
Congress wants the to be simple. So do small entrepreneurs. Do your job by making it simple.