Subject: Comments for File Number S7-12-11

May 26, 2011

I’m writing because so many people I know were affected by the economic collapse of 2008, and I don’t want it to happen again.

One way to change the incentives so Wall Street doesn’t collapse our economy again would be for regulators to set up a way for shareholders to grab back ill-gotten gains.

If it turns out that the profits in a given year were built on shoddy practices that become clear in the out-years, those bonus payments should be forfeited.

In a society where more and more Money is considered the highest morality we need to have regulations and oversight.

Thank you for considering my comment,

Allegra Silberstein

Allegra silberstein

Davis, CA