Subject: File Number S7-33-10: Whistleblower Award Program

December 7, 2010

Dear Ms. Murphy

I just signed a petition saying:

"More whistleblowing about corporate crimes could have made the foreclosure crisis and economic meltdown less severe. Whistleblowers should never be forced or engouraged to take their concerns to their potentially corrupt bosses first: Those who go directly to the government deserve the strongest rewards and protections allowed by law."

Requiring them to go to their employers is potentially harmful - if the company as a whole is doing something wrong (ethically perhaps) they sure aren't going to let their employees go to the government, and if an employee goes up to them and says something with this rule in place, it's pretty obvious where they'll go next.

Jonathan Frederickson
Ventnor City, NJ