Subject: File No. S7-35-11
From: Douglas L Roberts
Affiliation: none

October 6, 2011

At a time when the private mortgage industry is desperately needed, why would you regulate out of existence the very market we need for our economic recovery. I understand the risks involved with these REIT investments. PLEASE don't add to them. With high frequency trading, European dept mess this market has enough uncertainty, we do not need more.

Thank you

Doug Roberts
Individual Investor