Subject: File No. S7-08-09
From: George R Arends, Dr.

June 1, 2009

Dear Sirs, Please reinstate the uptick rule as originally implemented. It helped pull us out of the 30's depression, and will stop naked short selling which has been one of the primary factors scaring the everyday investor out of the market. We small individuals need your help to keep this market fair for us to invest in - otherwise I am out. Sincerely, George R Arends MD