Subject: File No. 4-557
From: Michael Traugott

April 10, 2008

I want to express support for the proposed rule change recommended by the National Investor Protection Coalition. As a retiree my investment portfolio is critical to being able to support my minimal standard of living. The SEC is charged with protecting the rights of investors, not merely the money makers who operate within this system.

In a larger perspective protection of the investments held by millions of individual investors is critical to our country's economic well being. If we as a group lose faith in the markets then the country's economic basis will collapse. It is time to take charge of this runaway system that has been overtaken by market opportunists.

Our peril, as individual investors and as a nation, lies in your hands and in your courage. Please do the right thing.

Michael Traugott