Subject: File No. SR-NYSE-2006-46
From: joseph masseria
Affiliation: Allied Member NYSE

August 11, 2006

Dear Ms. Morris
I strongly urge you not to approve this proposal.These fees are unfair an unjust.
This proposal would raise my firms fees by an astounding 124.1% or $54,400.This number on a percentage basis is staggering. Never before have I heard of anyone raising prices on such a huge scale. One must wonder after doing business for so many years and making a substantial profit , what is the motivation for this unprecedented increase.
Please give this proposal careful consideration. It will affect a great many persons livelihood. Thank You.


Joseph P. Masseria