Subject: File No. S7-08-08
From: bernard a miller, esq

April 1, 2008

naked short selling should be abolished, not regulated. margin or any similar type of purchases should be pre-funded, i.e. cash on hand required to insure ability to pay. maybe Las Vegas will loan you money to make a bet, but capital markets should not operate the same way, at least for individuals who are trying to make a "big score".certain types of investment vehicles should be restricted to certain category of investors.