Subject: RegSHO

April 17, 2007

Gentlemen,

What looks like massive abuse of naked shorting seems to indicate that enforcement of delivery of shares when due is not being done, by anyone.

Many invesstors, me among them, thank that this is a quasi-legal loophole to tilt the playing field in favor of the Market makers and the other big money players in the market.

Counterfeiting shares. That is what the talk is. This rule needs to be changed so that the cheating stops.

Yours truly,

Kevin T. Dalton, CFP
Vice President
Dalton Education, LLC