Subject: File No. S7-21-09
From: Thomas H Brasso, Jr.

October 19, 2009

Long term investors cannot make good investments while flash orders are going on.Stocks that look good when I can buy them re:20 minute delay in what I see verses the microsec. that people with flash order access have.By the time I buy,they have gone down and I instantly loose money.These microsec transactions are also keeping the recovery from quickly recovering,by allowing fast profits at the expence of long term investors.When a stock starts gaining,the flash market grabs a instant sell off,and crashes the stock.When it get to a low set point they buy back on the cheap.The market cannot keep this activity up.