Subject: Comments for File Number S7-12-11

May 26, 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. It is extremely difficult for me to understand how any employee of a Wall Street Bank is in any entitled to a bounus of any size, if sais employee was/is responsible for the Bank they are employeed by suffers a loss, especially if that employee was responsible in any way for the loss. Profit is one thing GREED is another thing entirely and only in the Wall Street enviornment would such an employee be rewarded rather than terminated. Thank you for considering my comment,

Roger Bean

Waterville, KS