Subject: File No. S7-08-09
From: Warren R Bevan
Affiliation: Private Investor/Financial Author

August 19, 2009

The uptick rule is imperative to free markets. This is but one issue we are dealing with today ranging from high frequency trading to naked short selling which is aided by the unfortunate cancellation of the uptick rule.

I would like to go on, but am on vacation. The uptick rule must be reinstated and will act as the last defense to the individual investor who is getting fleeced three ways to Sunday.

All the best, and good luck in the vermore difficult fight for truth and free markets, which no longer exist.