Subject: File No. S7-08-09
From: Tom Gregory, Jr.
Affiliation: retired

June 16, 2009

The up-tick rule is a great start to reign in a small portion of manipulation, however a comprehensive overhaul is direly needed within all market facets to curb the educated market managers of all hedge funds, (large small). Here's a link that all SEC personel should be required to take time to watch and listen in order to understand the tactics used to take the market up and down. I certainly wish the Obama administration the best reigning in those individuals responsible for looting investmet dollars via undermining techniques. In my most humble opinion there's more Bernie Maddoffs within our system stealing everyday.