Subject: File No. S7-34-11
From: chris a kacin, md

September 9, 2011

Given that my Schwab money market is at .01% and savings accounts are around 1%, mortgage REITS are a way for an investor not to lose money due to inflation. The distributions are not qualified and are taxed as regular income. Changing the rules on these vehicles will have consequences in the housing market. Why the need to fix something that's not broken? Instead, reinstate the uptick rule, do something about the high frequency traders front running the market, and make derivative rules clearer. Also, END NAKED SORT SELLING And as for manipulation in the commodities market....