Subject: File No. S7-19-07
From: R. A. king
Affiliation: Retired from all Professional Affiliations

July 19, 2008

Is the wrong agencie (SEC) over seeing the securities industry?

Perhaps the FBI needs to be overseeing the Security Industries. If I rent a DVD, and make a copy of that DVD, I can be fined 250,000.00 and go to prison for 5 years via the FBI regulations.

It appears that the SEC does not understand the problem with counterfeiting securities ( naked short trading ) and stealing peoples money.