July 15, 2008
Commissioner Cox...
I would like to congratulate you for publicly acknowledging the existence and dangers of NAKED SHORT SELLING.
You have demonstrated that recognition by instituting special safeguards against NAKED SHORT SELLING for the GSE's and the primary dealers.
Why aren't these emergency safeguards being put into effect for the WHOLE MARKET...??
Is it because the GOVERNMENT is the one who would LOSE if these government and primary entities are SHORTED into oblivion...??
What about the countless companies and shareholders who have been RUINED by rampant NAKED SHORT SELLING...??
You are supposed to be protecting ALL COMPANIES and SHAREHOLDERS...
Do the right thing...
STOP NAKED SHORT SELLING for all INVESTORS and COMPANIES...
A Very Concerned Damaged Shareholder.