Subject: File No. S7-12-06
From: Kirk McDaniel

May 27, 2007


Comment on Regualtion show amendments.

I find it rather bothering that any sales or stocks are not settled. How can the commission allow non-settlement.

Regulation show still is not enforced as it was written. Settlement of short / naked short sales should take place in a timely manner. Never should a stock purchase / sale not be settled.

I believe this amendment is a good thing but will it be enforced.