Subject: File No. S7-08-09
From: Lee Williams
Affiliation: Investor

May 8, 2009

Short selling is a problem, but the real issue is naked short selling. If the short seller never takes control of the stock they are shorting they only compplete i/2 of the transaction, drive the stock price down without the overhang. This must be vigorously stopped. this is the major issue with shorting today.