Subject: File No. S7-19-07
From: Bernard Koppenhofer
Affiliation: Individual Investor

July 16, 2008

I thought naked short selling was illegal. Your "emergancy order" to eliminate "naked short selling for financial stocks" should be applied to all stocks. My silver and small gold stocks are being killed by naked short sellers. This excuse by short sellers that "accidents" happen and they end up naked is not credible, especially in this electronic age. End naked short selling now for all stocks.