Subject: File No. S7-08-08
From: J. A. Bain

May 19, 2008

I am a new investor, and have lost a few thousand dollars. I thought it was just due to lack of experience and knowledge in trading. The knowledge and experience I did get from it is,a rigged game,a manipulated market.People are allowed to sell non existent shares to manipulate price up or down,
Why is it the sec is just now bringing to light Naked Shorting, when there have been people writing you about it for years,and alot of cases taken to court.
It would help to make the brokers more transparent and accountable for tracking shares
Type in search on naked shorting and you can see how obvious the problem is. People are angry and getting are here to help protect us from this kind of thing. Now is your time to show us.
No Loopholes
More Transparency
Accurate Reporting
Naked Shorts Eliminated