Subject: File No. 4-935
From: Raymond Wu

I support the proposed changes to include the Series 86/87 as part of the accredited investor status. Would there be any consideration, that the status be continued to be linked to the person as to avoid having to retake any exam if a person were to no longer maintain an active designation. While I think achieving this status once, is sufficient to be considered a sophisticated investor for the long term. I would also consider a compromise, to have a refresher course if that would help address any concerns. Thanks for your consideration.