Subject: File No. S7-08-09
From: MELVILLE R KLAUBER, PHD
Affiliation: Professor Emeritus University of California, San Diego

May 30, 2009

For the good of the country reinstate the uptick rule. Keep it simple, that is, the old rule worked well for years, so do not try to fix it. Further, the public does not need any more confusion in the financial area.