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.

Careful retirement planning was undone through irresponsible fiscal practices allowed to run amok through lax regulation and essentially absent supervision. Now, retirement will have to be delayed.

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,

Don Robinson