Subject: File No. S7-12-06
From: James J Farn, Mr.
Affiliation: Educator/Atty

July 21, 2006

You should all be ashamed of yourselves for your original denial and slow reaction to such an pandemic problem. Leslie Hakala's public commentary was/is a valid barometer of how your organization viewed the concerns of America'a investors. I would hope that her efforts against reform will come back to haunt her.

It is semi-comforting to see that Mr. Christopher Cox has demonstrated a degree of courage to move the Agency in its current direction.