Subject: File No. S7-07-12
From: James P Pigott, Jr

October 3, 2012

Submit Comments on File No. S7-07-12
Please eliminating the Prohibition Against General Solicitation and General Advertising in Rule 506 and Rule 144a Offerings.
I am an independent business owner and have been involved trying to raise capital to expand. I have IP designs and need to raise funds but I held back because of this regulation. I have 39 year experience in my industry and know what is needed to grow and creat jobs.
Please make the change and free up the pivate sector.

Sincerely,
Jim Pigott, Jr.