February 3, 2014
Regarding the Title III equity crowdfunding regulations I suggest:
That the current limit of $1 million per 12 month period be increased to $2 million per 12 month period.
That the financial reporting standards currently proposed for offerings of $100,000 or less instead be applied to offerings of $250,000 or less.
That the financial reporting standards currently proposed for offerings of $100,000 to $500,000 instead be applied to offerings of $250,000 to $1,000,000.
That the financial reporting standards currently proposed for offerings of $500,000 or more instead be applied to offerings of over $1,000,000.
That restrictions on the sale of crowdfunding equity positions after the initial offering be reduced or eliminated...facilitating liquidity for the initial investors.
Thank you for your consideration.
Jay Wittner