Subject: File No. S7-20-08
From: Steven DiGiorgi
Affiliation: none

July 28, 2008

Dear Chairman Cox,

Please extend the ban on "naked short selling." This type of trade is unlawful and can possibly manipulate the price of a security to its demise.

I respectfully request such extension because not only does it threaten the stability of financial institutions but it threatens all investors throughout our country and abroad who invest in these companies for the long term with good intentions.

I humbly thank you for your consideration in this very serious matter.

Respectfully yours, Mr. Steven DiGiorgi