Subject: Comments for File Number S7-12-11

May 20, 2011

The SEC has become one of the most disgraceful of Federal captured agencies. Shame on you. Start developing rules and regulations that work to the benefit of middle income Americans and prevent the financial fraudsters from peridoidally crashing the economy. Pay for short term performance just invites them to game the system at the expense of taxpayers.

Thank you for considering my comment,

Roger Fight