Subject: File No. S7-25-06
From: David Charette
Affiliation: CFA, MTA, MBA

January 29, 2007

I think that Congress should open up the opportunity of investing in hedge funds to all investors.

It is totally unfair that poorer people can't have access to the best managers and to strategies that most of the time do in fact LIMIT RISK for the same amount of expected RETURN.

To try to further limit the accessibility of advanced strategies and managers is another illogical and unfair move by the elite people of the USA to increase their wealth and advantage over the masses.

And, since you're the largest financial market, your decisions do affect the rest of the world, including Canada. So please, open the hedge funds industry and withdraw any restriction on hedge funds.