Subject: File No. S7-12-06
From: Doug Campbell
Affiliation: Scamed Investor

March 27, 2007

To sit back hoping that someday, someway, someone will make things right is to go on feeding the crocodile, hoping he will eat you last--but eat you he will. Ronald Reagan

The SEC is, and has been, aiding the crocdile for decades allowing conterfeiting of shares at the whim of brokers and hedge funds. Then you have the audacity to include a grandfather clause in reg SHO to aide and abet the criminals who have fleeced the American, and also, foreign public. Enough, eliminate the grandfather clause immediately, you have delayed much too long. While you wait the crocs keep eating.