Subject: File No. S7-19-07
From: Jennifer Cleveland

September 11, 2007

Please eliminate the FRAUD and CORRUPTION in our financial markets. There should be no exemptions for anyone that sells shares they do not own.
To exempt anyone from selling what is not borrowed or actually located is totally illegal and fradulent. They simply cannot sell what they do not own. No one should be able to get away with this. It is a criminal act, or even treason in my opinion to allow such. I believe the person that commits the sale, plus those that allow the sale should be held to the highest degree of punishment in the US Courts of law. Whether it is life in prison or the death penalty. There should be legal accountability and punishment for those in the government that provide allowances for shares to be sold that don't exist.
The "Illegal" Grandfather Clause should be stopped immediately. Eliminate it now.
Jennifer Cleveland