October 27, 2011
Elizabeth M. Murphy
Office of the Secretary
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Re: File 265-27
Dear Ms. Murphy,
As an advocacy organization for small businesses, we strongly support the Securities and Exchange Commission reducing the regulatory requirements and pursuing other capital raising strategies for small and emerging companies. Access to capital is a high priority issue for small businesses and essential for the revitalization of the economy.
Last year we submitted our support for a specific petition filed by the Sustainable Economies Law Center regarding exempting from registration securities offerings of up to $100,000 with $100 maximum per investor. We are pleased that the SEC did form a committee to look at “crowdfunding” along with other approaches to help small businesses with their capital formation needs.
Please let us know if we can be of any assistance on this critical issue.