Subject: File No. S7-20-08
From: Trevor Bedbrook
Affiliation: Equity Investor - Long only - Cash Account

August 1, 2008

Everything must be covered at day end.

Must locate and secure borrows before selling ( 1 for 1 )

All retail accounts must have digital certs guaranteeing a holding.

Stop the corruption within the SEC, stand up, and stop cashing in on every digital certificate holder, managed through the DTCC.

Protect the young companies first and require locates called in, with no remaining fails left open in ex-clearing

The SEC and the Commission have been advised for years about the manipulation and counterfeiting of shares.

Have those prior fails, whatever they are, covered by a specified day end, no matter what the price