Subject: File No. DF Title II - BD Liquidation
From: John R Scott
Affiliation: General Public Investor with an IRA and 401K

August 10, 2011

The thing I wish to say about Proprietary Trading is that is that it is one of the most egregious conflicts of interest known to the general public investment community.

Moreover, Proprietary Trading does not just tilt the investment field against the general, 401K-type and pension fund investor - it flips the field upside down, thus crushing these investors.