Subject: File No. S7-06-13
From: John T. Farrell

June 23, 2014

Thank you for the opportunity to comment.

It is my belief that the proposed change to the Qualified Investor regs under the regulation noted above is unnecessary and inappropriate. My understanding is that there is scant evidence of any need to change the regs. In addition,and most important, the opportunity to invest in the future of our country should not be limited to the ultra wealthy. Rather we should be encouraging the continuation of business development which has been one of the key reasons our country and its citizens have been able to improve the economy and, thus, standard of living of all of our citizens.
John T Farrell