Subject: S7-01-23: WebForm Comments from David Smith
From: David Smith
Affiliation:

Mar. 24, 2023

March 24, 2023

 The effects of the proposed exemptions included in S7-01-23 ('exemptions') are contrary to the SEC's mission to:

1. Protect investors

2. Maintain fair, orderly, and efficient markets

3.Facilitate capital formation

The Dodd-Frank Wall Street Reform and Consumer Protection Act added section 27B to the Securities Act of 1933 with intent and purpose. The exceptions subvert that intent and purpose.

The SEC has a duty to conclude with reason that exceptions to 27B are unnecessary and counter-productive to their mission.