Subject: File No. S7-12-06
From: John Zawacky
Affiliation: CPA

April 4, 2007

It is time to correct this injustice that has been done to the individual investor. Failures to deliver is the same as securities counterfeiting and must be stopped. Those that have benefited from it must be punished and not allowed to keep their earnings. Their punishment must not be a slap on the wrist as it usually is. They must buy back all their shares plus a fine/imprisonment. How can the SEC see this any other way? If the market explodes, so be it. What is the sense of a rigged market? Let's start all over again with a new, cleaner market. These "naked shorters" have stolen from me and many other investors. And, in case you don't realize it, the grandfathering of failures to deliver is a crime by the government against the people. This is a true statement if there ever was one.