Subject: File No. S7-08-09
From: Bob Quirk

June 2, 2009

I'm the "little guy" investor, an example of a Baby Boomer who worked hard all their life and believed that the stock market was a viable option for investing some hard-earned wages with the hope to grow those funds for future retirement. I always had the feeling that "Wall Street" was a little crooked but that at least I had the SEC watching out for me. But somewhere along the line deep-pocketed hedge funds came into the picture and took control of the stock market (and my money) and employed "short selling" and "naked short selling" techniques to manipulate stock prices downward, create panic among the "little guy" investors and basically steal their money. Not only did the SEC just sit on the sidelines while this was happening but it assisted these hedge fund crooks by quietly removing the uptick rule which at least had put some regulation on short-selling practices. It's time for the SEC to right that wrong and not only reinstate the uptick rule but put even stricter rules on short-selling, especially "naked" short-selling. Thank you.