Subject: File No. S7-41-11
From: Andrew Reyburn

February 23, 2012

The SEC exists not to promote banking, but to protect investors. There is no justification outside of banking profits for proprietary trading. Specialist firms and conventional market markers should not be allowed in big investment banks and particularly in commercial banks. We simply need to go back to Glass Stegal and similar common sense regulation. The idea of banks trading against their customers in LARGE SIZE is simply a funtion of how silly and large the (unproductive) financial sector has become. Much of the finacial sector is only a zero sum game, contributing nothing. Hedge funds bet against hedge funds bet against investment banks. Silly. I am a small investor who would like a level playing field, and I am willing to sacrifice some liquidity to get it.