Subject: File No. S7-12-06
From: Charles A Riegel, Sr.

April 4, 2007

ELIMINATE the "Grandfather Clause" in Regulation SHO.
This is nothing more than a Green Light for Robber Barons to steal American workers hard earned money

The SEC should be investigated and people need to be sent to PRISON for allowing this to happen.
The American People are SICK and TIRED of your Unethical behavior in our Markets