Subject: File No. S7-08-09
From: Ron S Nolan
Affiliation: independent trader

May 4, 2009

I support reinstating the uptick rule with a required differential between the bid and ask.

I also support criminal prosecution of those doing naked shorts. My understanding is that is already illegal, but not enforced.

I have been totally wiped out twice, once in 2007 and once in 2008, by bear raids.

Please do the right thing and you will see a lot more independents like myself return the the market.

Thank You