Subject: File No. S7-08-09
From: Jan Krause

May 6, 2009

I think the up-tick rule should be reinstated immediately and become permanent.

I also think that naked short selling(which is illegal though not enforced) needs to be investigated, prosecuted, and the miscreants should spend time in jail and be fined at least three times the amount of the illegal short sales. These persons should also be barred from trading for at least ten years after they come out of prison and then only under supervision for the rest of their lives.