Subject: File No. S7-08-09
From: Steve OBrien
Affiliation: Smith Barney

May 4, 2009

Please bring back the "original" short tick rule. The public, my clients, and most honest traders understand that
this rule was in place to keep the markets from being manipulated. Hedge funds have ruined these markets. We should also regulate more the inverse and leveraged ETF funds. Please correct the "BAD MISTAKES" of the past and follow Senator Kaufman's lead. The SEC needs to lead and try to bring back the public's trust in the markets. As both a professional and someone who had taught college courses for 8 years on "Securities and Investments," I believe the academic studies are very flawed in there attempt to show it doesnt matter. Perception is reality, and right now the investing "deck" is stacked against the public.