Subject: File No. S7-08-09
From: Don Lipari

August 20, 2009

Another comment period?? What happens after this comment period? Perhaps another comment period. Please do your job. What are you waiting for and whose interestes are you looking out for?
I am fully in favor of reinstating any uptick rule that will work to stop large money interests from pounding down the market and individual stocks. If the alternate uptick rule will acccomplish this better than the other proposals, then I am in favor of it. I also feel that if I own equities in my own account or through a mutual fund, that no one should be able to borrow my stock WITHOUT MY PERMISSION. If you own a stock legitimately, you can sell it. If you want to borrow a stock and sell what you do not own, the owner must be notified and must agree to this and should be compensated by the borrower.