Subject: File No. 4-627
From: Frank D Massie
Affiliation: Independent Investor/Trader

May 28, 2011

1) Before you write new laws, try enforcing the current laws on naked short sales. Maybe put the FBI in charge of the SEC so that the path of promotion won't be SEC - Wall Street - Caymans.

2) Bring back the up tick rule. It lessens the front running of trades.

3) It might be easier to legalize insider trading but require instantaneous reporting of the transactions of insiders and full disclosure of the movements of large blocks of stock.