Subject: File No. S7-26-10
From: David C Bollinger
Affiliation: Retired Investor

October 26, 2010

Disclosure is a good first step, but we need rules that restrict issue of derivatives like naked Credit Default Swaps that serve no economic benefit to the nation. What assurance exists that new rules will be enforced strongly enough to deter the destruction of credit markets in the next asset bubble? Who regulates leverage?

Will the SEC refer more flagrant cases to DOJ for criminal prosecution? Until I see CEO's sent to prison for violation of Sarbanes-Oxley I cannot believe the markets are safe for retired investors like me.

What can be done to keep the futures market from creating another Flash-crash? Why are brokers allowed to trash markets without any penalty for flawed/robo-execution. They should be fined the market cost of the trade or issued a restricted trading probation for failure of due diligence.