Subject: File No. S7-12-06
From: Philip Neufeld
Affiliation: Former Stockbroker

April 29, 2007

Where are all the investors' yachts? Ask Grandfather, he knows.

We deserve far better treatment than what we have gotten so far...

Eliminate the clause, the Market Maker exemption, and all loopholes that facilitate counterfeiting (FTD's) immediatley.