Subject: File No. S7-20-08
From: T Cipher

October 9, 2008

The SEC must need input. The SEC needs to be up to the task of real regulation. Please do the following...NOW.

1 - Enact a PERMANENT ban on ALL short selling in US markets

2- Enact a PERMANENT ban on sale of all stock market put options

3 - PERMANENTLY halt all trading in all short and ultrashort stock market ETFs

4 - Institute these changes IMMEDIATELY without any further warning for maximum impact

5 - Implement MANDATORY reporting of short selling activity in foreign markets

Please DO YOUR JOB The markets are out of control with phantom shares.