Subject: File No. 4-627
From: Calvin J Liming
Affiliation: Electrical Engineer

June 6, 2011

The SEC must do everything in its power to:

---Stop naked short selling.

---Provide meaningful fines and prison sentences for violators.

---Violators include the naked short sellers themselves and any person or entity which facilitates them.

Covered short selling is legitimate.

Reporting short sales in a timely fashion would be beneficial
to all market participants.

I have been an active investor for 35 years and it is
my opinion that naked short selling should be a crime.
Once upon a time shorting could only be done on an uptick...
I would like to see a return to those times. Short selling is
a necessary part of a free market but there must be valid