Subject: File No. S7-08-09
From: Bruce Krotke
Affiliation: Retired

May 11, 2009

Rules, of course, are only the first step to an orderly exchange. Enforcement makes the rules pertinent. It is obvious that the SEC blatantly ignores this important second step. Naked short selling should be a high priority crime, since it attacks the very structure of an orderly market. Thank you for this opportunity to express my views.