Subject: File No. S7-08-09
From: michael e taillefer

May 26, 2009

Other countries require short sales to be covered the next day. If you look at the SHO data you will see that we have basically no limit, i am not talking about the rules, the ones nobody follows. The reality is that bad players do as they please and get away with it. You should require shorts to cover in 24 hours and ENFORCE IT