Subject: File No. S7-19-07
From: Andrew Kehlmann
Affiliation: Accountant

July 18, 2008

I would like to address "Naked Short Selling" by asking a simple yet succint question. What is preventing the governing bodies from enforcing laws already in place? It is apparent that failure to enforce such laws encourages those to break the law with greater frequency. Why is something which should be discoraged encouraged?

Thank you,
Andrew K