Subject: File No. S7-19-07
From: Stuart Finkelstein

July 30, 2008

Naked Shorting especially affects the small investor. It undermines the fabric of our markets and puts the public at risk. Please take the time to seriously study and correct what should be an illegal practice. Fail to deliver is similar to mortgage loans without collateral. We all witnessing the affect of poor judgment. Bring integrity back to our markets. Thank you.