Subject: File No. S7-19-07
From: Russell N Van Allen
Affiliation: Engineer, Major Defense Corporation

July 18, 2008

Dear Sir/Madam:

The naked short selling allowed through the loopholes inherent in Reg. SHO must be terminated. I am a long time investor in junior precious metal companies. At this time, due to the unrestricted abuse of this regulation, the prices of many reputable companies are a fraction of their fair value. Please do something for the little guy and fix this problem

Russ Van Allen