September 17, 2012
I support the proposed amendments by the SEC to comply with the JOBS Act. The SEC should amend Rule 506 of Regulation D to provide that the prohibition against general solicitation and advertising contained in Regulation D shall not apply to offers and sales of securities made pursuant to Rule 506, so long as all purchasers of the securities are accredited investors. This will create jobs, provide access to capital for small business and reduce fees, therefore making the cost of capital more affordable. It is also a good idea to allow Broker-Dealers the option to operate under the current 506 rules if they do not wish to advertise. By limiting this to accredited investors only it will limit exposure to unsophisticated investors.