Subject: File No. S7-08-09
From: charles m parker

May 8, 2009

Please reinstate the up tick rule, but make the necessary adjustments to accomodate for today market trading. For example, allow for a $.05- $.10 up tick , not just $.01 a share. And, most importantly, ENFORCE the short sell rule of NOT allowing naked short sells, make the seller provide proof that they have borrowed the shares first before entering an order to sell short.