From: Bob Peat
Sent: January 28, 2007
To: rule-comments@sec.gov
Subject: File No. S7-25-06

I am against increasing the minimum investment level for hedge funds. I believe they should eliminated. If I am smart enough to buy/sell stocks, bonds, options, futures, etc. I am smart enough to buy/sell hedge fund managers.

Bob Peat
RJP Electric, LLC