Subject: File No. S7-33-10
From: John Doe
Affiliation: Former Registered Representative

January 17, 2011

Whistleblower protection ought not be limited to employees. Others have information about securities law violations that will protect the investing public from bad actors. Independent contractors, self employed accountants, MA atorneys and the list goes on. If the public policy intent is to provide an early warning system and protect the investing public, the concept ought to be widened beyond employees and the qualifications for claims ought to be tightened, to minimize unfounded accusations.