July 17, 2008
I STRONGLY URGE YOU to get control of "naked" short selling by removing the exception for options market makers.
With these loopholes to regulation removed, there will be no excuse for any person or financial entity who manipulates a stock using naked shorting.
As a result you, the SEC, will be able to enforce penalties on those who fail to deliver stock in the required timeperiod.
As an investor and one very concerned about the financial future of this country I ask that the SEC fulfill it's role as a regulatory agency and finally get control of market manipulation - insider trading was great, but naked short selling is absolutely killing otherwise very successful small enterprises.