Subject: File No. S7-08-09
From: Anonymous Anonymous

January 22, 2010

Thank you for the opportunity to comment.

The US Stock Exchange has a very long and impressive history. Stocks have never, in the long history of the US Exchange, been guaranteed to appreciate. This is vital aspect of the free market. Throughout history it has been assumed that all trading generates a 100% risk of loss to the buyer and the seller. Rigging the system to bias either the buyer or seller will bias the free market. Stocks have never been quasi-protected annuities.