Subject: File No. S7-08-09
From: richard k wade

May 17, 2009

Chairman Schapiro,
My belief is the markets were unnecessarily driven to the
downside recently by elimination of the uptick rule which had worked so well for so many years. I also believe the process of naked shorting should be vigorously enforced. I am in favor of a permanent price approval based on the last tick similar to the previous uptick rule.
Thanks for your consideration.
Individual investor