Subject: File No. S7-06-13
From: Ramana Rao
Affiliation: CEO Founder, OwnTown Inc.

September 22, 2013

I am concerned that the new filing requirements being proposed by the SEC are likely to undermine the intent of the Jobs Acts provision to allow for public financing of new businesses.

As a serial enterpreneur, I believe that filing and disclosure requirements be practically realizable by the people who are focused on building new businesses. Also that penalties applied be reasonable, so for example the 1 year ban on a violation could essentially be a death order on growth-oriented startups.