Subject: File No. S7-12-06
From: Brian Eder

January 14, 2007

Some serious changes need to be made in our regulatory system. The illegal activities that continue to take place are not acceptable. Naked short sales (NSS) needs to stop, and the crooks need to be brought to justice.

Millions of investors are being robbed of there hard earned money. When are you going to step up and protect us? Isnt that YOUR job?