Subject: File No. S7-08-08
From: Arun V Someshwar, Ph. D.

March 19, 2008

Is there anyone left in the SEC that has a breathing, living conscience ? How difficult can it be to enforce the laws that are already in the books ? Do you need another six months to discuss and debate the deplorable ineptitude you have displayed over the years by being fast asleep at the wheel ? Or worse still, working in cohorts with the crooks that have destroyed our markets ? Do you need to be disbanded before any sense gets in your collective heads ? For God's sake, wake up and enforce the laws that are already in your books and stop pussyfooting around

As Mr. Decosta said in an earlier comment "We would warn the SEC not to expect too many comment letters this time around. These investors have had it. Back in 1999, the vast majority of 2700 commenters begged you to throw them a lifeline in regards to this naked short selling issue. Here we are over 4 years later commenting on Regulation SHO. The only bets being placed now have to deal with how long Wall Street can stall its implementation. Please act quickly, this country's financial system is much too important to toy with. What advances have been made over this past 1,500 day period subsequent to one of the most massive pleas for help in the history of the SEC. What is really troublesome to the legal community is the fact that the SEC already has in its possession the power and the mandate to address these naked short-selling problems. The 1934 Securities Exchange Act gave it to them."