Subject: Comments for File Number S7-12-11

May 21, 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.

The recession was a boon to the rich and hell to the rest of us. Tax the rich at a level that eliminates the debt in 10 years. They do not deserve it and they do not need it.

Thank you for considering my comment,

Dennis Smith