Subject: File No. S7-08-09
From: William E Hamilton
Affiliation: retired

May 5, 2009

The objective of market regulation should be to support and encourage investors. Short-selling should be abolished. A "trader" should not be able to sell something they do not own. That is not investing.
The brokerages simply want to encourage activity of any kind in order to get fees. The SEC should be encouraging investors - not traders. That will provide stability to the market.