July 17, 2008
It is becoming increasingly frustrating for small investors like myself watching large regulatory institutions such as yourselves openingly discriminating between different asset classes as to which to police and which to ignore,..
Your latest desires to protect the long side of the banking stocks by removing the illegal naked shorts is commendable,.. What is not so commendable is to let this same naked shorting continue taking place in other asset classes, such as the small mining stock sector. Surely in a Free Market system, one law should stand for all or for none. Infact the junior mining stock class is a much more illiquid market than the large banking sector and therefore naked shorts can have a much more manipulative effect if they choose to.
I look forward to conformation that the SEC will be investigating naked short selling in other asset classes outside of the banking sector.
Broadland Properties Ltd