Subject: File No. S7-12-06
From: Megan S Randol

April 4, 2007

I am outraged that there can be a market where the authorities are in the position to rape and steal from the unaware and innocent investor. People believe they are investing in a company just to find out that through market manipulation due to naked short selling through hedgefunds and brokers, their money was essentially stolen. The grandfather clause should be abolished.