Subject: File No. S7-08-09
From: Bruce E. Meltzer

May 4, 2009

PLEASE RE EVALUATE YOUR POSITION ON REINSTITUTING THE UPTICK RULE. THE DAMAGE THAT HAS BEEN DONE TO THE SMALL INVESTOR BY THE NAKED SHORT SELLERS, HAS TO BE STOPPED. IF CONFIDENCE IN THE AMERICAN MAKETPLACE IS A GOAL OF THE NEW ADMINISTRATION THEN LET THE LESSONS LEARNED OF THE PREVIOUS ADMINISTRATION BE A LESSON TO US ALL THIS IS AN IMPORTANT ONE, LET'S GET IT RIGHT