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

April 30, 2007

The only ones opposed to making changes to Reg SHO are the ones who directly profit from the sunstantial and illegal abuses.

SEC Chairman Cox stated that Reg SHO was inadequate and naked short selling and failure to deliver was out of control.

The comments of The American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NYSE/Arca, The Options Clearing Corporation, and Philadelphia Stock Exchange are an attemp to continue to profit from these abuses.

Clearly, there is a conflict of interest when trillions of dollars at stake. GREED IS NOT GOOD. The retail investor must be proteceted from ALL ABUSES. Even the ones understated by these parties.

The profit motive taints any claims by these parties. Combined with the complete lack of transparency on securities that failure to deliver, comments from these parties can not be given any weight.

We, the retail investors, want the protection that is due to us, by statute and the Bill of Rights.

The oversight committees and a Bivens Action would be the alternative.