Subject: File No. S7-20-08
From: Judy Stanley, MS

August 13, 2008

First let me say This IS A RULE FOR ALL STOCKS ALREADY THAN THE SEC COMES OUT AND SAYS....OH NOW WE ARE GOING TO INFORCE THE RULE BUT ONLY FOR BANKS( BECAUSE THE THIEFS WERE GOING TO BRING DOWN FREDDIE AND FANNY
THIS IS OUTRAGEOUS...I THINK SOME OUT SIDE RESOURCE SHOULD INVESTAGE THE SEC. YOU WERE RESPONSBILE FOR BEAR STEARNS....YES YOU LET THAT HAPPEN BY NOT INFORCING THE RULES, THAT SHOULD APPLY TO ALL STOCKS.

NOW LET SEE WHAT YOU HAVE DONE TO THE AVERAGE INVESTOR THAT BUYS STOCKS IN THEIR 401K OR IRA ACCOUNTS THAT HAVE LOST MOST OF THEIR RETIREMENT. 1. fIRST YOU ELIMIMIATED THE UP-TICK RULE., I THINK THAT STARTED THIS PROBLEM, THEN YOU ADMIT YOUR NOT INFORCING THE NAKED SHORT RULE

OH, BUT WAIT YOU ARE SPENDING YOUR TIME INVESTAGING INSIDER TRADING,,,,,WILL GUESS WHAT, WITHOUT THE UP-TICK RULE AND YOU NOT INFORCING THE NAKED SHORT RULE FOR ALL STOCKS....WHO NEEDS TO BE AN INSIDER????????????????

I WOULD LIKE A RESPONSE....AS TO WHY YOU ARE NOT DOING YOUR JOB