Subject: File No. S7-19-07

August 11, 2008

To whom it may concern,

I am writing you today in regards to the amendments to regulation SHO (file number S7-19-07).

The time to enforce the existing regulations against naked short selling is now. Only enforcement of these regulations will help to create a level playing field for everyone. Naked short selling should be banned completely as it's a bad practice not only to individual investors, but is detrimental to the economy as well.

In addition, I support the following initiatives:

1 elimination of the Market Makers exemption
2 amendment to rule 203(b)(3)(iii) of Regulation SHO - completely eliminating the close out exemption for option market makers as proposed
3 amendment to rule 200(g)(1)which will require a "locate" on short sales securities and proper marking of sales as "long" or "short"

The US financial markets should be the gold standard of access and equality. The lack of enforcement of SHO and the elimination of the up- tick rule have not served our financial markets well. Please take the necessary first steps to reverse this trend by enforcing SHO and implementing the amendments above.


Mike Hoffhines