Subject: File No. S7-12-06
From: john m hamm

July 21, 2006

It is time for the SEC to do their job. I have watched small company after small company fall or go bankrupt due to naked shorting which is ILLEGAL while the SEC did little to nothing. Why don't you cowards do your job? Maybe it is not that you are cowardly - maybe it is because you are profiting from the illegal actions yourself. Either way I hope you get what you deserve.