Subject: File Number S7-19-07

July 17, 2008

Naked short selling is immoral as well as illegal. I cannot sell my neighbors car to you unless I buy it from him. Why can some people with some stocks do naked short selling? They are not above the law. They do not own the stock, have not borrowed it and must not be able to sell it. Regulation SHO is wrong. Cut it out!

James Werner