Subject: File No. S7-06-13
From: larry e weiss
Affiliation: American Institute of CPA's,

June 4, 2014

The outcomes of raising the standard would be uniformly bad for the entrepreneur community, since it will decrease the number of angels. I think it would likely make it harder to recruit, and decrease the pool of angels. Ironically, this change is being undertaken although there has been scant evidence presented so far that suggests the current standard is letting unqualified people become accredited investors.