September 12, 2007
There Should be NO exemption for selling what you cannot deliver.
I strongly support the Commissions proposed elimination of Regulation SHOs options market maker exception. The options market maker exception has been a well known tool of manipulation and must be eliminated promptly to ensure a level playing field for public companies and shareholders.
I am confident you will do the right thing and fix the wrong doings of the past. If your leadership at the SEC does succeed at removing these faults with the SEC, you have done a monumental right and changed a monumental wrong. Please do the right thing for the sake of America and our finacial system.