From: Gary Whitson
Sent: December 28, 2006
To: rule-comments@sec.gov
Subject: File No. S7-12-06


Please eliminate the grand father clause under regulation SHO and require naked short sellers to immediately cover their short positions. They have stolen billions of dollars from investors over the years and should be required to use some of that money to set the market straight. even at a loss to them,or to their ruination.
Gary Whitson