Subject: File No. S7-08-08
From: Alma S. Jamison, Ms.

April 22, 2008

April 22, 2008

Ms. Nancy M. Morris, Secretary

Securities and Exchange Commission
100 F. Street, NE
Washington, DC 20549-1090

RE: Release Nos. 34-57511 File No. S7-08-08 Naked Short Selling Anti-Fraud Rule

Dear Ms. Morris,

Chairman Cox continues to speak about the abuses of naked short selling and the need to end these fraudulent practices.

It has been over seven months since the end of the comment period for the SECs previous proposal to amend Regulation SHO to eliminate the option market maker exemption however, the Commission still has yet to take any action on this proposal. The options market maker exemption is a well known tool of manipulation and should be eliminated immediately to ensure a level playing field for public companies and shareholders.

Now you ask us to comment again on another regulation regarding Naked Short Selling. When will Chairman Cox act to stop this crime?


Alma S. Jamison