Subject: File No. S7-08-08
From: James T Pugh
Affiliation: Managing Director/Investments, Wachovia Securities

April 3, 2008

I think your proposed regulation S7-08-08 should be inacted and should be inforced. I cannot sell short without borrowing first and if I fail to deliver on a long sale, my account is frozen. I don't see why anyone else should do differently.