I previously submitted a comment regarding administrative expenses under the proposed Plan of Distribution in the matter of Tai Mo Shan Limited, File No. 3-22382. I am submitting this supplemental comment to request an additional transparency safeguard. Because administrative expenses are paid from the Fair Fund and therefore reduce the amount available to harmed investors, I respectfully request that the Commission require periodic public disclosure of the Fund Administrator’s cumulative fees and expenses, along with the remaining Net Available Fair Fund. I also encourage disclosure of the Administrator’s approved fee structure and any material expenses or invoices exceeding an established threshold. Internal SEC review of administrative expenses is important, but public disclosure would provide affected investors with additional transparency and confidence that the greatest possible portion of the Fair Fund is being preserved for distribution to eligible claimants. Thank you for considering this supplemental comment.