Subject: Comments for File Number S7-12-11

May 23, 2011

It is outrageous that those most responsible for the economic collapse are also those least held accountable. It is worse that there is no effective bar to their behaving just as irresponsibly all over again.

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.

Thank you for considering my comment,

william Boardman