Subject: File No. S7-35-11
From: Helmut Hiller

September 1, 2011

Can't you leave well enough alone? This is another effort by the government to destroy my retirement savings and income. REITs are the last remaining investment where one can get a decent return during retirement years. Remember that taxes are paid on the dividends received from REITs, so if those dividends became less because of additional regulations, the taxes to the government will also become less.