Subject: File No. S7-21-09
From: Roy Malis
Affiliation: Certified Financial Planner

September 26, 2009


"Flash Trading" is analogous to allowing a bet to occur in a roulette game after the ball has landed on a number.

In this case, the house is the legitmate investor, who loses.

Please pass rules prohibiting all forms of this activity on all exchanges that conduct business under your jurisdiction.

Thank You,

Roy Malis