Subject: File No. S7-19-07
From: JOHN L.

September 13, 2007

Dear Chairman Cox,

Securities and Exchange Commission
100 F. Street, NE
Washington, DC 20549-1090

Here is how i see it. Reg SHO was fraudulent from the get go. I can only see one of three things happening here.. #1 you become liable for all of the fraud of the naked shorts that exist in the U.S. markets. or # 2 you fix it real quick by Fed Calls and keep it from happening again. or #3 keep it as buissness as usual and open your door for law suits from all companies and inverters in these companies that have been damaged by YOU NEGLIGENCES".........

Also, if any of the people that sit on the board of the SEC, have any, AND I MEAN ANY influence of a board of any brokerage firm, off shore hedge fund or both, We request that you resign immediatly............ conflict of interest..... ty