February 23, 2007
In regard to this rule, I am patently against raising either the net-worth of the income requirements needed to invest in private funds. In addition, I believe it is time to change the system where over 90% of Americans are relegated to second-class status based solely on their income and wealth and not on their abilities. It is simply wrong to deny a person equal opportunity and access to what many feel are the best managers in the world, based upon old rules designed for a different time and different purpose. I hope that someday the SEC and Congress will see to it that small investors are invited to sit at the table as equals with the rich.