Subject: File No. S7-08-09
From: Joseph Graffis

May 1, 2009

There must be a return to a real working uptick rule, not just a modified one. I would prefer that shortselling be banned altogether as it has been in numerous countries but since that is unlikely you must do something to control all aspects of naked short selling. It's destroying this country and has given various Mafia groups economic control over it