Subject: File No. S7-06-13
From: Dimitar Boyn
Affiliation: Cyclone Trading Company

August 20, 2013

Current requirement for reporting to SEC are too strong for seed stage start ups. These will effectively negate the original intent of the legislation to create easy market for initial fundraising. Unneeded unproductive forking of capital towards law professionals to abide rules which will not indeed protect better crowd source investors.