Subject: File No. S7-20-08
From: Dave Martin

July 21, 2008

This SEC decision is manipulative and unfair to Americans and any person or entity investing in the financial markets.

The SEC was invented to create a fair and level playing field for investors. This decision unfairly "protects" certain companies - a select few financials from short sellers. Your decision also manipulated the markets, causing regular investors to cover short positions in the financials and/or market indexes. This is not fair to those who did research and profited from a fall in the respective financial firms and indexes, only to see their gains quickly evaporate.

IT'S A SAD DAY FOR THIS COUNTRY WHEN THIS TYPE OF UNFAIR REGULATIONS ARE SHOVED DOWN OUR THROATS WITH NO VOTING OR COMMENT PERIOD. IS THIS A SOCIALIST COUNTRY WE NOW LIVE IN?

THE SEC HAS DONE ABSOLUTELY NOTHING IN ENFORCING REG SHO. YOU ALLOW THE SAME LISTED FINANCIAL FIRMS TO ENGAGE IN ILLEGAL NAKED SHORT SELLING, YET YOU PROTECT THEIR STOCKS. THIS IS ABSOLUTE UNFAIR POLICING OF THE EQUITIES MARKETS. IS IT FAIR THAT OTHER STOCKS HAVE BEEN ILLEGALLY SHORTED INTO THE GROUND WHILE THE SEC STANDS IDLY BY? NO ITS NOT
THIS RULE NEEDS TO BE REVOKED IMMEDIATELY AND MR. COX SHOULD RESIGN IMMEDIATELY AS WELL

ABOLISH THIS RULE AT ONCE AND RETURN FAIRNESS AND LET FREE MARKETS REIGN DON'T TREAD ON INVESTORS