Subject: File No. S7-08-09
From: John P Sterner

May 5, 2009

I urge the Commission to re-adopt a permanent, market-wide 'uptick rule' similar to the original rule that was in effect until 2007.

Although my observations are anecdotal, I am nevetheless convinced that the prior uptick rule did serve to ameliorate both the intensity and extent of short sale abuses.