Subject: File No. S7-08-09
From: Jim Claussen
Affiliation: Accountant

June 17, 2009

I believe that the uptick rule should be reinstated. It is not fair to long term investors that day-traders and speculators can drive the stock prices down through naked shorting.

I have been very frustrated about this issue and I am seriously considering giving up stock trading because of it. I have heard from many investors who feel the same way. This needs to be done to restore investor confidence in the system.

Thank You.