Subject: File No. S7-02-10
From: Suzanne Shatto

November 21, 2012

[Copyrighted material redacted. Author cites Foley, Peter, "Martoma Fund Used Dark Pool to Keep Inside Trade Quiet, SEC Say", Bloomberg, Nov. 21, 2012. Available at]

dark pool, where only the retail investors cannot see what it happening with price. does anyone think this is a fair market for investors?

[Copyrighted material redacted. Author cites Son, Hugh and Faux, Zeke. "Rochdale Trading Co-Heads Leave to Join Rival Brokerage", Bloomberg, Nov. 21, 2012. Available at]

this is ridiculous. this occurred in october and it is well past market deadlines to settle the trades. why aren't they closed? the clearinghouse should close the trades. the regulators should close the company. were they waiting for the institutional customers of the firm to sell their stuff and get out of rochdale? so are you looking for proof that the regulators look the other way? retail cash investors could NEVER say they will buy in october but pay sometime later. but brokers consistently trade "in the future", the clearinghouse allows it, and the regulators do nothing.

[Copyrighted material redacted. Author cites McLaughlin, David and Kopecki, Dawn. "JPMorgan Turned CIO Into Prop-Trading Desk, Pensions Say", Bloomberg, Nov. 21, 2012. Available at]

it's true. and the federal reserve and SEC can hardly ignore this. the lack of reserve indicates these were one-way bets, not hedging.