Subject: File No. S7-25-06
From: Thomas J Elbert

January 29, 2007

Ladies and Gentlemen,
I wish to object to raising the limit for hedge fund investment. While I agree that there should be restrictions on this type of investment due to it's sophisticated nature, I believe there are better ways to accomplish this goal.

The ultra rich already have advantage enough, I fail to understand why this is in any way fair with the current $1M net worth limit. Increasing the threshold only makes things worse.