August 16, 2006
I am a long time shareholder of Fairfax Financial Holdings (FFH). FFH has been on the Regulation SHO Threshold List nearly continuously since inception of the list. The list recognizes that shares sold short of FFH are not being legally borrowed and delivered in a T+3 settlement time. I am concerned that the reason FFH is on the list is due to naked shorting. This has, in turn, caused the stock price to be manipulated and depressed by investing firms. These firms are practising the art of manipulation and naked shorting with impunity at the moment. It is not enough to just have a list. We need to see some prosecutions of the offending brokerage houses and their clients or there will be no point investing on the NYSE or other US exchanges. Thanks for this opportunity to post my concerns.