Subject: File No. S7-08-09
From: Jeffrey Philip, MD
Affiliation: Anesthesiologist

May 8, 2009

Please reinstate the uptick rule. There is no protection in the market for small investors when bear raids are sanctioned by the SEC. I would particularly eliminate naked shorting where unlimited pressure can be brought to bear on my positions. I have be chased out several times at a cost of thousands of dollars.