Subject: File No. S7-08-08
From: Lee R Donais
Affiliation: CEO L.R. Donais Company Inc.

April 24, 2008

Naked shorting should be banned on an outright basis.
The damage which has been done to small and medium size companies by this blatant abuse of SEC rules is, in some cases immeasurable.
To allow this practice to continue for even one day is tantamount to condoning counterfeiting and the fact that the SEC has been lax in enforcing existing rules has resulted in hundreds of thousands of investors being literally robbed of investment monies while at the same time subverting the belief that the United States Government tries to insure a level playing field for all investors.