Subject: File No. S7-08-08
From: Noemi G Cohen, Mrs.
Affiliation: Investor

July 27, 2008

I would like to implore the SEC to immediately put a stop to naked short selling. This practice amounts to an extremely negative factor in the USA stock markets and is a transaction that has no economic substance since naked short sales are never owned. Please close this loop hole as it is ruining our markets.