Subject: File No. S7-24-10
From: Penny E Keiter
Affiliation: Student, American Library Association

October 6, 2010

I cannot understand why the SEC has not enforced existing guidlines up until now, although I can see why they were avoided during the last administration.

All the fraudulent machinations, including basing "investments" on little or no concrete assets and no disclosure, of the financial industry which has jeopardized and affected the well-being of every citizen of the U.S. should be prosecuted by law to the fullest extent and we can start by instating the Disclosure for Asset-Backed Securities Required by Section 943 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.