Subject: File No. S7-12-06
From: Self-Employed Professional

August 12, 2006

After reading some of the comments already made, it's apparent that you know what to do to fix Reg SHO. You don't need a repetition of the obvious from me, so I'll use this opportunity to address the bigger picture.

From the dawn of time, smart educated people have manipulated the system to take advantage of the less sophisticated. Currently, there are probably 25 hedge fund managers and brokerage CEOs whose joint assets exceed the combined GDP of several Third World countries. This unprecedented concentration of wealth has been accomplished by breaking laws YOU are supposed to be enforcing.

Foreign investment in this country has fallen precipitously over the last 5-6 years. They get it. If you wish to avoid presiding over the collapse of the US financial system, I suggest you enforce the laws on the books since 1934.

During this fall election, there in ONE issue for me: Where do you stand on stock market reform? What have you done to protect the investments of Main Street from being robbed by Wall Street?