Subject: File No. S7-10-10
From: Scotland C Settle
Affiliation: Trader and Investor

May 25, 2010

High frequency trading, flash trading, and dark pool trading have added nothing positive to the investment community. Volatile and momentum trading are now the rule, rather than the exception. The SEC does not need to give advantages to a few traders at the peril of the rest of the investment community.

In addition, a five minute "cooling off period" means nothing to a computer. This will not stop computer driven collapses, like we saw recently.

The "little people" need some serious support. The deterioration in the equities market since removal of the up-tick rule, etcetera, is painfully obvious to anyone that has been involved with the markets for a long period of time.

There are some serious wounds in our trading rules. Please try to help the patient with more in depth care. A couple of band-aids aren't going to do much.