Subject: File No. S7-08-09
From: Stephen Hoffmann

May 29, 2009

After the market devastation we (individual investors) have experienced the past six months it is apparent to me the uptick rule needs to be reinstated. Not a modified change but a full reinstatement as it existed prior to July 2006. It is obvious to me the change was made not for the individual investor but the short sellers.

I know I am not a professional or for that matter even a novice investor. I am someone like many of my friends and family who have a vested interest in the market for savings and/or retirement. So please on behalf of us and millions like us please reinstate the uptick rule.

Thank you for considering this change and reading my comments