Subject: File No. S7-25-06
From: Chris Romano

January 29, 2007

I dont feel that net worth is an appropriate measure of a persons sophistication. If there must be a net worth qualifier, then there should be some exemptions. Specifically for clients that use financial advisors or money managers. Now an extra could be required for those advisors who wish to use hedge funds, but to limit ones investment options based solely on net worth is not putting the clients best interest first.