May 11, 2009
It's time to stand up for the little guys in the Market place. We have been neglected far too long by the activity of Naked Shorting. You know very well that it is illegal and way to prevalent in the market. It is your responsibility as regulators of the SEC to police such activity to create a fair and secure market place for ALL. It is time for the SEC to stand up and start enforcing the rules of a fair market place. The time is now to act decisively.
Naked shorting is criminal, and it is destructive to business and honest investors.
The inaction of the SEC to take action against this illegal activity is in essence enabling and supporting illegal activities. It is time for the SEC to either do its mandated job, or for the individuals in office to resign and turn over the job to those who will uphold their responsibility. "