Subject: File No. S7-08-09
From: Jack M. Riley, Jr.
Affiliation: Society of Automotive Engineers

May 5, 2009

Please bring back the uptick rule that served this country well from 1938 to 2007.

The analysis of the continuing need for this rule was made during a generally bull market period and is totally wrong for a neutral or bear market.

Assuming the proposed short selling rules do not hinder incorporation of the uptick rule then I hope the proposed short selling rule changes can be put into effect.