August 22, 2014
Dear SEC,
I hope all of you have an enjoyable weekend to look forward to during these last days of summer.
I am writing to you to comment on Title III.
I am extremely excited about its potential as a community and economic development tool. My organization (smallchange.com) seeks to use crowdfunding to empower neighborhood residents to invest in transformational real estate projects that will revitalize their neighborhoods.
However, we can’t do this easily till the SEC has finalized the rules. Unfortunately, the finalization of those rules is over 500 days behind schedule. I understand the need to ensure that the rules insure investor protection, but 500 days in quite along time…
So I urge you to finalize the rules as quickly as possible. As a millennial I know that many of my peers are extremely interested in equity crowdfunding as an investment tool and cannot wait till they can help fund (and potentially financially benefit) the next awesome thing!
Keep up the hard work.
Best,