Subject: S7-30-08

October 20, 2008

With the implementation of these rules, the uptick rule must be restored.

Without the uptick rule in place, short sellers are allowed to pile onto an equity and artificially create selling pressure that benefits their position. There appears to be program-generated sells that are in very small blocks (100 shares) which are used to maintain the current deflated price until the next wave of short selling knocks the stock down further. There are clear signs of collusion and manipulation in the market. A very obvious sign of this is in Sirius XM (ticker: SIRI). The stock is on the verge of profitability and growth during a recession, but continues to get hit with false rumors and computer trading.