Subject: File No. S7-19-07
From: Richard E Herman

July 18, 2008

Dear Sir/Madam,

I am an investor with 40 years experience.
My comments on Reg SHO is the following

Naked short selling is a violation of the current law and as such must be stopped for all companies and not just financial institutions. Any short sales that fail to deliver should be liquidated on the next day no questions asked and no profits should be earned and all cost paid by seller failing to deliver.

No exceptions should be made.

Sincerely yours,

Richard Herman
65 whittlesey Brook Rd
Deep River CT