Subject: The Uptick Rule

February 1, 2009

Dear Chairman Mary Schapiro,

One of the biggest errors in judgment of the last Administration was the withdrawal of the uptick rule.

It has led to unnecessary ravages in the financial markets. Sound stocks have been damaged. Pension

Funds, personal savings and much more have been decimated. For example, my retirement account is

down more than 50%, my retirement postponed. And these were high quality securities in it.

The question is to whose gain It is time to create rules to protect the average American and their savings.

Please reinstate the uptick rule before it is too late.