Subject: Comments for File Number S7-12-11

May 22, 2011

Iím writing because my family and I were affected by the economic collapse of 2008, and we donít want it to happen again. These bankers and wall street speculators and corporate CEOs have no idea what it is like living from pay check to pay check - waiting for total personal economic collapse from a large medical bill or a pay freeze, or unemployment. That is why they will spend billions to lobby for continued failed policies and deregulation of their greed.

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.

Thank you for considering my comment,

Eric VanderBeek