Subject: File No. S7-19-07
From: Kevin J Smith

July 21, 2008

I am not as naive, or maybe not as polite as other posters here. It is quite evident, and it is my opinion, that the SEC by its actions ( or inactions ) endorses Short Selling / FTD .
The studious and determined effort of the SEC to turn the other way, ignore, and validate illegal actions is IMO a criminal activity. YOU have known about this for years, and you do nothing effective. YEARS I concur with others that you are supporting broker commissions at the cost of the markets.
There are only two possible answers to the SEC's past performance :
a) you quietly endorse these actions and pretend to bumble and stumble. That makes the SEC by its actions criminal accomplises.
b) you are incompetent as the day is long. In that case resign damnit
ENOUGH OF THE "PRETEND WE CAN"T FIGURE IT OUT" b.s. It is my hope that in the future the management of the SEC will be prosecuted to the fullest extent of the law.