Subject: File No. S7-25-06
From: Y.F. Juan

February 2, 2007

To whom this may concern,

I would like to note my concern over the proposal to raise the hurdle bar for hedge fund investors.

Frankly, better information disclosure is a much more effective and long-term viable solution than upping the bar for investors.

In generally, I am suspicious of any regulatory structure and its imposition. On the other hand, setting up effective disclosure for hedge fund instead of limiting access would be a regulatory structure well imposed.

Warm regards, YFJ