Subject: File No. S7-12-06
From: Greg Scott
Affiliation: day trader

April 20, 2007

I am adamantly opposed to any naked shorting being done by anyone. I have sold stock short many times and believe it is an integral part of a fair liquid market. Naked shorting is an entirely different animal and only benefits big money players and manipulators. These people and groups have no interest in
a fair market and use their superior capital and trading advantages to manipulate the markets. All naked shorting should be banned and anyone who engages in it should be severely punished and fined 3 times their profits. Please stop this insanity and end all naked shorting.