Subject: File No. S7-12-06
From: alan ladd
Affiliation: Advertising

March 29, 2007

It's absolutely shameless how you continue to protect Hedge Funds offshore and domestically. Brokers and Market makers have been stealing from the general public for years and all the SEC does is fine them thousands of dollars when they make millions of dollars. They've been NAKED SHORTING the public and companies for years and you continue to delay STOPPING THE PROBLEM.

I'm dumbfounded how you can allow these criminals to sell shares that don't about if someone sold your HOUSE right under your nose, took the money and never had to worry about it because a GRANDFATHER CLAUSE was put into affect...any house that was sold ILLEGALY prior to 2005 is exempt, SORRY home lost your home and money.

Protecting these criminals is CRIMINAL. You can't sell something that you don't own Wake up SEC....restitution for those who've been victims of these theaf's is in order.

Please do what's right...stop illegal naked shorting, over turn the illegal Grandfather clause and make these criminals pay back the money they've stolen from the public.......look at the record BONUSES that Wall Street executives have given themselves...they can afford it.