From: Michael Manfredi
Sent: January 26, 2007
To: rule-comments@sec.gov
Subject: File No. S7-25-06

I strongly recommend that the commission DOES NOT change the accreditited investor definition by changing and/or raising the current financial requirements. I strongly recommend that the commission adopt new rules to require hedge funds to register with the SEC or CFTC, to have an annual independent audit, to have and independent valuations of their assets at least quarterly, and to have independent administrators, plus that they would be subject to SEC or CFTC advertising rules.

Thank you for your consideration.

Mike Manfredi