Subject: File Number S7-19-07

July 17, 2008

To the SEC:

I am writing to urge you not to legitimize naked short selling and Failure to Deliver.

This proposed rule change is especially difficult to understand when the stock market is in a very precarious state.

Deliberate failure to deliver on a contract is a crime that should not be excused at the expense of small shareholders.

Sincerely yours,

Anthony Low