From: Michael Williams
Sent: February 24, 2007
Subject: File No. S7-25-06

I don't not think the SEC should raise the minimum for the accredited investor. People who have attained a net worth of $1 million should have enough sense to invest as they so choose and the government shouldn't intrude and try to "protect" us. Additionally, changing it into $2.5 million LIQUID will keep MANY intelligent investors from investing.

I am not a financial professional. An individual.

The SEC should monitor the hedge funds to give accurate information, and give transparency to investor into the funds investments and direction.

Michael Williams