Subject: File No. S7-12-06
From: Robert Breese

March 28, 2007

Chairman Cox I worked on Wall Street for 20 years and now find out after leaving that Naked Short Selling is a way of life for many brokers and fast money hedge funds. Reg Sho allowed trillions of shares to be Grandfathered in and as a result condoned years of raping innocent individual investors. For years naked short selling didn't exist according to the SEC before the mass exodus of your former colleagues. Now you and other SEC officials admit to the existenceBRAVO but are afraid to rescind the Grandfather Clause. Who or what are you afraid of? I personally own shares of a company that traded billions of shares daily for several years not millions but billionsand we finally did the right thing and pulled CERTS in an attempt to get the Naked Short Sellers. We have proof of the CRIME of Naked Short Selling. Now it is YOUR job to go out and prosecute the above Financial Terrorists. Good Hunting in your search of the Naked Short Seleers. They aren't hard to find. R.Breese