May 29, 2020
Gentlemen: As an older Pennsylvania domiciled investor in 13 small startup companies over the past seven months, I am well on my way to building a diversified portfolio of exciting companies that are raising funds via Tier 2 Regulation A or Regulation Crowdfunding, introduced to me on the Start Engine platform. I am strongly recommending that the SEC extend federal preemption to secondary sales of these securities. This would easily allow investors in all states in the US the ability to trade our shares on the upcoming Start Engine trading platform, in those instances where earlier liquidity is needed by the investor. Please provide a federal preemption for secondary sales of Tier 2 Regulation A or Regulation Crowdfunding securities so investors from any state, like myself, can freely trade our shares. Very truly yours, Arthur H. Popkave