Subject: File No. S7-25-06
From: Thomas M Yuill, PhD
Affiliation: Professor Emeritus of Pathobiological Sciences, University of Wisconsin-Madison

January 26, 2007

I object to enactment of File Number S7-25-06, raising the limit for investment in private funds from the current $1 million to $2.5 million net. That change is unfair to people like me. I work hard at managing my liquid assets, and have acquired enough experience over more than 40 years of investing to make reasonable choices and to assess risk. I am currently invested in two hedge funds, and resent the implication that I am no longer prudent enough to do so. The new ruling gives unfair advantage to more wealthy investors, and should not be implemented.