Subject: Comments for File Number S7-12-11

May 23, 2011

I’m writing because my family and I were affected by the economic collapse of 2008, and we don’t want it to happen again.

One way to change the incentives so Wall Street doesn’t 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.

Reward for failure and economic gambling is now called "free markets". Wall Street will do ANYthing to prepetuate it's "take the money and run" philosophy. Government must regulate pirates becuse they're out to rob. And they will when allowed

Thank you for considering my comment,

William Head