Subject: File No. S7-08-09
From: Terry E. Rowe, COL, ,US Army, Ret.
Affiliation: Former Assoc V.P. with Morgan Stanley, Inc. (15 years)

June 12, 2009

1.) Need to restore the uptick rule at 5 cents or more

2.) Should be absolutely no naked short selling

3.) Stop oil speculation
Oil has doubled in the past 4 months despite a decline in demand. Everyone agrees it is due to speculation.
If you don't do something, oil will soon be back at $100 or more and will choke off the economic recovery We don't allow speculation in milk or speculation in antibiotics, why should there be pure speculation in oil?