Subject: File No. S7-08-09
From: David Furr

November 3, 2009, 2009

Why are you dragging your feet on the implementation of a new up-tick rule. Haven't you noticed that a high speed trader's ability to short at the bid plays havoc with asset values. How do you expect to encourage long term investment in this country's economy, if the rules and enforcement of those rules are slanted in favor of traders and manipulators. The objections are not about price discovery and liquidity, the are about traders making money at the expense of investors. If you can't see that we are doomed.