Subject: File No. S7-08-09
From: Evelyn C Fink
Affiliation: Mother

May 8, 2009

I would like to see the strongest possible uptick rule restored. Any studies of this rule in times of well-performing markets are spurious. One cannot speculate outside the range of one's data. And all of those studies did not include the period of massive systemic risk that we have gone through.

Also, I would like to see ALL leveraged products two to one three to one banned on both the upside and the short-side on our trading system. I believe these violate margin rules and provide unnecessary volatility.

It is not Ok to be able to margin two to one or three to one short ETF to manipulate the market. If people want ot short stocks or put calls on stocks we already have a system in place for many years that worked with clear rules of leveraging.

I am an individual investor who has seen massive losses in my son's 529 accounts and my family's retirement accounts partly because of the loss of regulation over limiting sorting momentum that has occurred in the past decade. Enough is enough: level the playing field and provide adult supervision.