Subject: File No. S7-08-08
From: al ho

September 18, 2008

Mr. Cox: If you are to be taken seriously about anti-naked shorting of sub-penny stocks, shouldn't you be considering Accelerated Approval of Proposed Rule Change ? It appears the SEC has known about illegal trading of sub-penny stocks, for at least 10 years when other anti-fraud measures were proposed. The SEC, through some miracle, has finally used the words naked short FINALLY. The SEC in the past only used terms like fails to deliver and phantom shares, most of us out here in the investing public always used the words naked shorting thank you for finally recognizing the fraud that has been committed against us for years. Also, you Must Abolish the Grandfather Clause in SHO, and Re-Instate the Up-Tick Rule,to force the Illegal Naked Short to be Bought-In. OR is it business as usual, for White Collar Crimminals TO GET AWAY WITH ILLEGAL MOENETARY GAINS, DO NOT YOU REFER THAT AS A CRIME SOUNDS LIKE MONEY-LAUNDERING TO ME. Are you really serious this time, please let everyone know by Accelerating the Passage of this anti-fraud regulation, TODAY, NOT 30 DAYS FROM NOW Thank you.