Subject: Reinstatement of the UPTICK Rule

February 1, 2009

Dear Chairwoman Mary Shapiro, One of the most grievous errors of the previous Administration was the withdrawal of the UPTICK Rule. Sound stocks have been devastated, Pension funds and individual stock holders have been ruined. WHO WAS THE WINNER? Rules to protect HONEST investing Americans are PAST due!! Please reinstate the UPTICK rule immediately as your first order of business on the job. Thank you, a damaged American investor, Richard F.