Subject: File No. S7-08-09

May 5, 2009

OH PLEASE Identify, track and prosecute those who are habitual FTDs (failure to deliver). Actually try to enforce the regulations currently in place Make public all investigations involving market participants who may or may not be responsible for the blatant manipulation of share prices. The public only need know where the "smoke" is consumer activism will solve the problem if Federal prosecution cannot be pursued.

Require disclosure of short positions.
Reduce 'time to deliver' for a short-sell to 24 or 48 hours.

Current regulations would work if anyone feared prosecution. The SEC has lost its credibility