Subject: File No. S7-12-06
From: Gloria D Pallis
Affiliation: Investor

March 27, 2007

chairman cox: called the SEC's past efforts to address short-selling abuses "inadequate" since some pre-exisiting short sales were exempted from stricter rules by a "grandfather" clause, and said ending the exemption "will .....ending the exemption "will further tighten" short sales and help eliminate abuses

also abusive naked shoring is a problem throughout the market. FURTHERMORE It is not the job of the sec to make laws, it is there job to inforce them Period

G. Dawn Pallis