Subject: File No. S7-12-06
From: Paul M Freire

April 4, 2007

Honorable Chairman Cox,

I am just a an ordinary investor that does not have the assets to be stolen away by Naked Short Selling. Why does your agency allow this to happen ? It's against the law and that the SEC is failing to enforce those laws; greatly inplicates your agency in aiding and abetting these criminals. Why are you protecting these criminals ( hedge funds and brokers) from stealing from the investing public ?

How can your agency the SEC " grandfather" stealing ?

This is not going away. I will write every Congressman and newspaper organization until this is corrected.

Perhaps it is time that the SEC is investigated and looked at for it's failure of protecting our markets from criminals

Thank you for your attention to this serious matter.