Subject: File No. S7-35-11
From: Alan S.

September 4, 2011

How many more investors does the government and its regulatory agencies want to put out of work, hurt financially, and impact economically than it already has.

I see absolutely no benefit to the economy OR individual investors by changing the rules on REITS ever....especially at a time when individuals have put money to work to create a needed cash flow of income.

Any drastic changes made by the SEC or the FED in this area will directly hit retired, disabled, unemployed, middle class Americans who have willingly placed money in a completely legal investment which has worked well for basically everyone, and has hurt no-one.

To me this is a political based inquiry that ties into the other trial balloon manuevers that our government has floated, causing fear and uncertainty which we have enough of already.

Create JOBS, do not destroy them.