Subject: File No. S7-08-09
From: Joel Schauer
Affiliation: individual investor

May 6, 2009

I feel that the uptick rule should be reinstated as it used to be. I also think that some of these leveraged short ETFs such as the SKF should also be abolished since they allow traders to manipulate sectors with very little money, and do not do what they claim to do if held for more than a day.

If you decide not to reinstate some form of the uptick rule I think that just putting more effort into enforcing naked shorting rules already in place would be a step in the right direction. Thanks