July 17, 2008
Regarding the extended comment period for Reg SHO amendment, I offer the following.
All provisions, exceptions, and loopholes to the proposed rules regarding naked short selling of securities via stock or options should be closed. Especially when fail to delivers are a result of such naked shorting. Furthermore, naked short selling creates a synthetic long position in securities which in effect results in a counterfeiting and dilution of shares to actual shareholders.
Thank you for your time and attention in this most important subject.