Subject: File No. S7-08-09
From: katie fagan

May 4, 2009

please reinstate the uptick rule as it stood in the past, not the watered down version that is floating around. it worked for 70 years, why change it? it would make small time investors more confident in the market, knowing that stocks can't get beat to a pulp by the short sellers.
thanks for your time.
katie fagan