Subject: File No. SR-MSRB-2012-05
From: Anonymous

April 18, 2012

Given the trading practices that have tarnished the reputation of Wall Street over the last few years it seems reasonable for the Security and Exchange Commission to administer a program which would cause market makers to be more responsible in their day trading. The proposal made giving issuers of ETFs the responsibility of paying market makers between $50,000 to $100,000 annually to fund payments would bring more attention towards the products of the issuer. Having a structure of rules such as this would provide greater liquidity and create a better quality of market organization. Letting the NASDAQ work in between the funding delivered by the issuer to the market maker will ensure the professional integrity of the program, and the responsibility of the market maker.