Subject: File No. S7-08-09
From: Laura L Arnold
Affiliation: Designer/Investor

May 9, 2009

I favor the registration or declaration of any short seller representing more than 3% of a company
I favor a 'stringent' uptick legislation to prevent freefall in our current economic climate.
I favor legislation removing 'naked shortselling' completely. It seems to me to be the equal of CDS's.