Subject: File No. S7-08-09
From: john Atorino

May 9, 2009

I believe naked short-selling was instrumental in creating the panic atmoshpere during the recent financial crisis. Restoration of the uptick rule should be part of the regulatory measures being considered by the SEC to instill confidence in the markets. Also, if you are short 5% full disclosure should be required, just as required by those who are long. Mr Jim Cramer has been very persuasive regarding this matter. Thank you.