Subject: File No. S7-08-09
From: Tim Flowers

May 19, 2009

We have seen, over the past months, the results of years of laissez-faire regulatory oversight of the capital and stock markets. Perhaps the most egregious of these oversights was the lapsing of the uptick rule, which allows a small handful of large players to virtually set the market with their trades. This leaves many small investors out in the cold, and has resulted in large losses for many who can least afford them. The SEC should immediately reinstate the uptick rule, and begin to reassert some semblance of regulation into a market that has shown the world exactly what can be expected from "unbridled capitalism".