Subject: reinstate the uptick rule

January 31, 2009

Dear Sir:
I am writing to request the uptick rule be re-instated, which requires that a stock must move upward in price before it can be sold short. This offers an alternative to an outright ban on short selling and the uptick rule severely curtails the ability of "naked" shorts to destroy the share price of small, and in some cases, large companies.


Christopher Coughlin