Subject: File No. S7-08-09
From: Joe Teff

May 8, 2009

The advantage given to destructive traders to line their pockets at the expense of the honest citizens in this country is outrageous. You wonder why people have such poor opinions of "wall street" and the government. Its because of the absence of any type of fair play. It would be (much) faster to list things the SEC has done correctly in recent years than to list the things they have done poorly. Its time to fix at least some of the wrongs. Reinstate the uptick rule. Stop naked short selling. Get rid of the leveraged short ETFs. Enough already.