Subject: File No. S7-08-08
From: Warren Belonger

March 26, 2008

The market is corrupt when counterfit and FTD trades are allowed to exist and are even followed on the naked uncovered short list.
If there is not a physical share it cannot be traded and cleared or the market is sponsoring counterfiting etc..
Please correct this injustice. You are sponsoring counterfiting if you do not and that has ALWAYS been against the law.
Thank you for your time.