Subject: Congratulations

January 23, 2009

Dear Ms. Schapiro:

Congratulations on your appointment and confirmation.

I urge you to reimpose the uptick rule for all short sales, impose mandatory pre-borrow for all short sellers and securities, and to enforce vigorously rules against naked shorting. Include Short ETFs under agency jurisdiction.

Peter R. Mack

Peter R. Mack & Co., Inc.