March 27, 2007
I have commented before, along with many others whose stock purchases were evidently never covered by the legal purchases of stock by the seller of said stock. Why don't you (the SEC) stop all of this illegal protection of brokers, dealers, etc. who particapate in fails to deliver, commonly know in the market as naked short selling. You (the SEC) even try to cover it up by using some other name so that it doesn't sound to be what it really is.
I hope all of the people, businesses, and governmental agencies who have created this hoax on the investing public are proven guilty of crimes and have to pay restitution and penalities including jail time where appropriate.
Stop all of these delaying tactics to prolong these crimes. Close the SEC loop holes and take out the grandfather clause in the SHO regulation.
I appreciate this opportunity to state my opinions.