Subject: File No. S7-12-06
From: Robert L Laden
Affiliation: CEO, CE, INC.

April 20, 2007


I am an individual investor who is very concerned with the complete abuse of naked short selling has on my investments and those investments of everyone that is being negatively effected by naked short selling.

Naked short selling should be COMPLETELY ELIMINATED from the market place. PERIOD. It is a disservice to the American people that the S.E.C. is not tackling this subject head on. Who is it you represent?

Make the changes immediately. Do not allow the Market makers of options and stocks any exemption. This is just another avenue to exploit the use of naked short selling. Eliminate the Grandfather provision.

Pass rules that can be enforced with no grey areas. Do not allow stocks to be shorted unless they can be completely located to a borrow. Even then a borrowed share should not be left up to the broker, but to the owner of that individual stock.

Can you imagine a mortgage company leasing out your house while you were on vacation without having to ask for your authorization. Think about it.

Stocks are being shorted, with no intention of ever covering. Will you allow me to Naked buy? Ok that is a joke, but I think you get my point.

The S.E.C should ramp up its efforts to protect investors and public companies by eliminating the crime of manipulation of the markets. Quit putting the interests of the corrupt HEDGE funds and naked short sellers.

Do the right thing here, and do not delay any longer.

I will also be contacting my congressmen about this very issue.

Thank you,

Robert Laden
C.E., Inc
Concerned citizen and individual investor