Cannot Register Trace Parser Data Base

Hi All,

When I try to register a DB for trace parser I am met with this message:

I have tried just about everything I can think of resolve this error. I have uninstalled and reinstalled trace parser. I tried several different names. The only thing I can think of is a permission issue, but I am running as Admin so I don't know where else to look. Is there some SQL permission I must change?

Thanks in advance.