Subject: Comments regarding File Number S74111

February 9, 2012

Im writing in support of a strong Volcker Rule. As you prepare the final rule, bear in mind the fundamental goal of the rule to ban big banks from exposing consumers and taxpayers to risky proprietary trades. As a former researcher for a proprietary trading firm, I understand the risks these traders and speculators are taking, and regulated banks must not engage in such behavior that would rely on taxpayers to backstop losses they might incur.

Banks that break the rule should face swift, automatic penalties for violations. Violations of the Volcker Rule endanger the stability of our financial system. They should not be treated lightly.

Exemptions should only be allowed if they do not undermine this goal, and reject specious loopholes designed to circumvent the rule's purpose. If an exemption would result in exposing consumers and taxpayers to bank risk, it should be rejected.

Thank you for considering my comment,

Franklin Neubauer

East Rutherford, NJ