Subject: File No. S7-08-09
From: Francis R DiPietro
Affiliation: Retrired

May 5, 2009

I am fully in favor of restoring the uptick rule. For those who say this will not matter, than fine - humor me - put the uptick rule back in place and let's see what happens.

The uptick rule is a fundamental circuit breaker regardless of the buy/sell spread and in effect will level the playing field and prevent the bear raids that we witnessed in 2008 on our nation's banks.

Francis DiPietro
May, 5, 2009