Subject: File No. S7-08-09
From: Steven G Wilson
Affiliation: PhD

May 4, 2009

Why not just bring back the old uptick rule? The "circuit breaker" rule would be a joke, leading to further abusive shorting by hedge funds. I understand that SEC Chair Shapiro has already had meetings with hedge fund lobbyists on this issue, so I fully expect that nothing of substance will be done. But I implore you to do the right thing and put this country back on the right track.

Regards, Dr SG Wilson, San Diego, CA