Subject: File No. S7-08-08
From: James Gehret

July 25, 2008

I think this "naked short" ruling was overdue and should have been enforced before now.

Please consider extending this "anti-fraud" ruling to the broader market and enforce it.

Many American wage earners and retirees have 401K and IRA's that we depend on for retirement income, stock manipulation via "Naked Shorts" appear to have an adverse affect on investments over and above the average stock fundamentals which is hurting retail investors.