Subject: File No. 4-619
From: Craig Adamson

August 15, 2012

Chairman Schapiro
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-1090

Dear Chairman Schapiro:

Ms Shapiro & Mr. Sperling,

I know you are trying your best. But please stop. You have other things you can work on and make a bigger difference. Changing this can only destroy your professional legacies.

If you want to shake the foundation of the US (and Global) financial system... please by all means... change the way Money Market Funds are managed.

If you want to risk the wrath of the millions of Baby Boomers who are retiring every day and who have billions if not trillions of dollars in MMF's for everyday liquidity needs (I council my clients to have 12 to 24 months in cash and MMF funds) and scare the bejeezuz out of them right as they are retiring... by all means... change the way MMF are managed.

For once, stop thinking and stop doing. This busybody work does nothing but distract clients, advisors, investment companies, and regulators from doing their jobs and the real financial problems that face us every day.

The great financial crisies of the past decade have come because our capital markets have tried to punish cheaters and bad economic policy.

Problem is the SEC, FINRA, and the Federal Government think they know better than Mr. Market. Both of you should know better.

Sit on your hands. Get out of the way. Let the Capital Markets do their "job" which is always swinging a double-edge sword. There are always winners and losers. There will always be winners and losers. When the system doesn't work is when we don't let winners win and losers lose.

Stop tinkering and over-regulating. Let the system be. It isn't broken.


Craig Adamson