Subject: File No. S7-19-07
From: R. J. Moncuse

July 8, 2008

Institutionalized "Failure to Deliver" manipulation of our equities markets MUST soon be eliminated or we will see further erosion of confidence in basic market fairness and further destruction of our ability as "cutting edge" incubator of technology and innovation. It is more than high time the well being of the investing public and citizens, and integrity of our markets, is placed ahead of the interests of the politically attached manipulators. It is getting very late in the game, If the SEC doesnt act in good faith now, what good can come when the citizens have lost faith in their governments regulator's willingness to protect the citizens?