Subject: File No. S7-08-09
From: Kathy Ellis
Affiliation: CFP and Financial Advisor

June 16, 2009

The uptick rule should be reinstated permanently and naked short selling should be eliminated.

The lack of the above did more damage to investor confidence and net worth than just about anything else. In the midst of the crisis we faced last fall, there was manipulation of the markets and damage to some great companies.

This is very important to restore confidence and get things back on the right track.