Subject: File No. S7-08-09
From: Elven T Riley
Affiliation: Seton Hall University

June 1, 2009

Please consider not only the re-implementation but the strengthening of the "Uptick Rule". The intention of the rule was to discourage emotional and erratic behavior disruptive to the functioning of an orderly market. While not perfect and not absolute at preventing a very human behavior the rule did provide a test of appropriateness when evaluating and regulating the complex styles of market participation available today. This small step will indicate a willingness to provide the world with a disciplined market instead of an expensive version of video poker.