Subject: File No. S7-36-11
From: Steven Galle

September 11, 2011

I respectfully submit that in the interest of fair public participation in the stock market, the uptick rule must be reintroduced, more vigorous enforcement of naked short selling must become practice and the same level of public disclosure must be applied to short stock positions as are applicable to long positions. The present arrangements are fertile ground for manipulation and result in public distrust and abandonment of the capital markets.