Game Maker Community HUB/Softwrap File Error

(To fix this problem, please follow the steps below. Note: After you have ran Game Maker 7 at least once, you should be able to reverse this process and still continue to use Game Maker 7 as normal.
 * 1) Navigate to this directory on your computer: C:\Documents and Settings\All Users\
 * 2) Right click the folder Documents
 * 3) Select Sharing and Security
 * 4) Under the section Network sharing and security, place a check mark in the box next to Share this folder on the network.
 * 5) Apply changes. If at this point you get an error, repeat steps 4 and 5 again. (You'll notice that Documents folder has changed to Shared Documents)
 * 6) Game Maker 7 should now run as normal.

For further information read here.