Subject: File No. S7-12-06
From: Robert DeVivo

April 26, 2007

I strongly believe that File No. S7-12-06 (Amendments to Regulation SHO), needs to be approved, addressing "failures to deliver". This is absolutely necessary to restore confidence by the investment public in the financial markets of the USA. The gross unfairness of "naked shorting" without adequate controls has made a travesty of our markets for small developmental firms, hurting the abilities of the USA to compete in world commerce. The "grandfathering provisions" need to be eliminated, and the exceptions granted to the Market Makers needs to be drastically curtailed.