Subject: File No. S7-08-09
From: Joseph B Hanon
Affiliation: President, Crown-Plaza Hotel

May 4, 2009

I demand this rule be passed, naked shorting must be completely stopped and made illegal. Stop hiding the term naked shorting with the term toxic assets. Shorting stocks in a times of tragedy like Sept 11, 2001 and in the current financial crisis must be stopped.

I demand this rule be implemented as naked shorting has destroyed many corporation's stocks.

Sincerely,

Mr. Joseph B Hanop