Subject: File No. S7-07-12
From: Joe A. Alvarez, Jr.
Affiliation: Founding Partner, NewGate Capital Partners

October 23, 2012

As Founding Partner of NewGate Capital Partners,
I strongly support the elimination of the Prohibition Against General Solicitation and General Advertising in Rule 506 and Rule 144a Offerings. This move will become a great service to early stage companies, in their efforts to attract seed/angel capital from Accredited Investors.