Subject: File No. S7-20-08
From: eric d mann, esq
Affiliation: legal

July 24, 2008

REINSTATE THE UPTICK RULE. It is patently obvious to even the most casual observer that unregulated hedge funds and market makers are obusing this "privilege". Just why do we have the SHO regulations if they are never enforced? Lastly, why is the SEC only stopping naked shorting, which is illegal anyway, in stocks of 19 banks? What about the rest of the market?