Subject: File No. S7-12-06
From: Nancy L Morris
Affiliation: Corporate President

March 28, 2007

It saddens, and angers me that our own government agencies continue to ignore their own regulations. The fox is watching the hen house.

The grandfather clause must be removed from Regulation SHO. If it isn't, it will be obvious that the United States has not only turned it's back, but swindled it's own citizens.

You are distroying everything that our great Country once stood for.

I pledge allegiance to the flag of the United States of America, and to the Republic for which it stands, one Nation under God, indivisible, with liberty and justice for all.

...WITH LIBERTY AND JUSTICE FOR ALL. The grandfather clause does NOT give justice to the criminals. It says "it was ok to steal before, but is a crime to steal now". It lets the criminals off. PERIOD.

Nancy L Morris