Subject: File No. S7-30-04
From: Adam B Glassman

September 15, 2004

At this time, I am opposed to the SECs current proposal to require registration of hedge funds. Required registration seems an inadequate measure to prevent fraud, and an unnecessary measure to monitor the impact of hedge funds activity on markets. I would agree with many of the arguments in Commissioners Glassman and Atkinss dissent, namely that other sources of information prime brokerages, for example could be used for monitoring purposes, and that further investigation would be required to devise a policy that would best accomplish the goals the proposed rule intends to fulfill. I am wary of overregulation, and Id be concerned that the infrastructural cost requirements for both the SEC and hedge funds would not justify the benefits of the rule as proposed.