Subject: File No. S7-12-06
From: Morris Shankle

April 4, 2007

"Fails to deliver" is an innocent-sounding phrase that is used to describe the COUNTERFEITING OF SECURITIES.
Your ability to ignore or make excuses for allowing this GRANDFATHERING to continue is being recognized for what it is... COMPLICITY in MAJOR FINANCIAL CRIMINAL ACTIVITY.

The days of hiding behind titles and long-winded excuses that make no sense for those that take the time to parse the language, appears to be coming to a conclusion. This need's to be ASAP.

I truly hope that the enablers of this crime against the populace find themselves on the appropriate end of criminal prosecution. ASAP.