Subject: File No. S7-25-06
From: Federico Genoese-Zerbi, Esq.
Affiliation: Attorney, licensed in Virginia and Minnesota

February 6, 2007


The accredited investor rule is not broken. Let's keep it that way. Changing the rules will hurt investors and will hurt the American economy.

Individuals earning $200,000 a year or with a net worth in exces of $1,000,000 are surely savvy enough to understand that investment requires due diligence and involves risk. Keeping such individuals from investments that represents a potential for great profit is paternalistic and cannot possibly advance their interests.

Additionally, the American economy (which continues to be the envy of the world) is fueled to a large extent by these investors. Do you really think it's appropriate to throttle back on growth?