| Comment Number: | 531096-00153 |
| Received: | 8/27/2007 4:56:26 PM |
| Organization: | Financial Investigations, Inc. |
| Commenter: | Charles Sullivan |
| State: | CO |
| Agency: | Federal Trade Commission |
| Rule: | Private Sector Use of SSNs |
| No Attachments |
Comments:
Sirs and Madams: My firm is one of the largest in the world, if not THE largest, performing due diligence for investors in hedge funds. The SEC has fallen short of reviewing managers of hedge funds, thus firms like mine are needed to protect public and private investors from fraudulent activity. My firm has backgrounded over 3,000 hedge fund managers and in the process identied a few red flags that indeed later went south, thus saving my clientele millions in losses by foregoing their investments. Integral to this due diligence is the access to social security numbers which help to identify bankruptcies, litigations, verify university degrees, and much more. Access to social security number information by qualified proessionals is essential in postponing the eventual implosion of the hedge fund industry. Respectfully, Charles Sullivan Financial Investigations, Inc.