Subject: File No. S7-08-07
From: Rick Louderbough
Affiliation: small inde broker

October 19, 2012

Amazing your going after BDs when the high speed trading proponents are making illegal profits every day, and the SEC is NOT DOING ANYTHING ABOUT IT
The SEC appears to be as crooked as can be in tolerating this abuse, makes me wonder if insiders at SEC are profiting from this same activity. For years SEC has ignored problem areas of the trading market until what ...... when????

The rule makers are morally bankrupt.