Subject: File No. S7-02-10
From: Suzanne Shatto

February 18, 2012

Copyrighted material redacted. Author cites:

Jones, Elisa Forte and Gavin. "Italian Police Seize $6 Trillion of Fake U.S. Bonds." Yahoo! News. Yahoo!, 17 Feb. 2012. Web. 23 Feb. 2012.
http://news.yahoo.com/italy-police-seize-6-trillion-fake-u-t-144806353.html.

"Nazis 'flooded Europe with Fake British Notes'" Yahoo! News. Yahoo!, 17 Feb. 2012. Web. 23 Feb. 2012.
http://news.yahoo.com/nazis-flooded-europe-fake-british-notes-161814348.html.

think that the brokers have some counterfeit securities in their customers' portfolios? i do.