Subject: File No. S7-25-99
From: Willie D Middleton, III

January 22, 2005

Sorry to say this new rules and more new rules do no good when the ones already on the books since 1934 are never inforced so why make any new ones only to be broken everyday. My belief inforce the rules you have on the books and clean the system up period. I see the new rule of Regulation SHO whats this mean that the people who have been breaking the rules are grandfathered in what a joke. The Rich get Richer the Poor get Poorer. To me the SEC should do their job and not make up alot of new rules.