Subject: File No. 4-627
From: mourad zarouri

May 10, 2011

Is this a joke? You are still asking for comments... You need to do something about naked short selling and FTD's. At minimum, you need to start enforcing the current rules. You have been talking about it for over a year now... In the mean time, short sellers still fail to deliver shares, and you do nothing about it. And please don't ask brokers, market makers or hedge fund managers what to do about naked short selling. It would be like asking a thief what password you should use to arm and disarm your burglar alarm.
So if you don't have the intestinal fortitude to outlaw naked short selling, at least make it harder to do and enforce the rules. No point in adding any restrictions if you are not going to enforce them.
One more thing, can you require that short positions be disclosed, just like you require long positions to be disclosed.

Mourad Zarouri