Subject: Please protect shareholder rights (File No. S7-16-07)

Chairman Christopher Cox
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-1090

September 25, 2007

Dear Chairman Cox:

I'm writing to request that you protect the right of investors to file shareholder resolutions and urge you to take no action on the proposed initiatives that would curtail or eliminate this essential right.

If owning shares in a company is to hold that the holder actually owns a part of the compay, then how can you restrict owner's rights except to conform to fair business practices?

If you restrict shareholder's rights as owners of their company, then you lessen the reason to own stock in any company.

If a company doesn't want to be accountable to its owners, then that company should not sell shares of itself on the open market.

Lawrence Arsenault