Subject: File No. S7-08-09
From: JOseph Guarino

May 4, 2009

These regulations were put in place after a once in a lifetime meltdown of the markets in an effort to prevent such from happening again. Seventy years later it was theorized these rules were no longer necessary and a test of this theory was conducted during a bull market. Such restrictions can only be tested in a market that is under extreme duress.

Restore short sale price restrictions to prevent a repeat of the market meltdown, restore fairness to the markets and also the market once again be used to create wealth and capital for economic growth.