From: Daniel Figueroa
Sent: January 31, 2007
Subject: File No. S7-25-06

To discriminate based on race, creed, sex is illegal. To discriminate based on assets should also be illegal. If you want the public to be protected from bad investments, then a test should be implemented and mandatory. But to simply say that the rich are smarter than the poor is elitist propaganda. I find it absurd that a person born into wealth, with no education or training in investments, is considered more qualified than a college professor in economics just because of their assets. While I didnít agree with the previous regulations for hedge funds, I most definitely do not agree with the new proposed ones.

Daniel Figueroa