Subject: Comments for File Number S7-12-11

May 19, 2011

Iím writing because my family and I were affected by the economic collapse of 2008, and we donít want it to happen again.

One way to change the incentives so Wall Street doesnít collapse our economy again would be for regulators to set up a way for shareholders to grab back ill-gotten gains.

If it turns out that the profits in a given year were built on shoddy practices that become clear in the out-years, those bonus payments should be forfeited.

It is insane that the top executives keep cashing in when most of their employees can't even maintain a middle class standard of living. It's a morality crisis. If they keep paying their workers so little, no one will have any money to buy their products and then they'll be in the same boat as us.

Thank you for considering my comment,

Erin Edwards