Subject: File No. S7-19-07
From: Richard T Stevens

August 27, 2007

August 27, 2007

Ms. Nancy M. Morris, Secretary
Securities and Exchange Commission
100 F. Street, NE
Washington, DC 20549-1090

Re: Comments on Proposed Amendments to Regulation SHO
File No S7-19-07

Dear Secretary Morris:

Although the bottom of my correspondence has been copied, I just wanted to let you know that I have lost over $500K on 2 companies where I beleive naked shorting has gone on and the SEC because of their workload, has not fully investigated these 2 companies in any attempt to make shareholder whole. Sending criminals to jail does not make us whole

First company is Markland Technologies (MRKL) where the company purposefully diluted the shares of the company from 20 million shares to 500mil shares, selling the only subsidiary to a new shell company making my investment worthless. The CEO Robert Tarini is a criminal and should be prosecuted for securities fraud. Hicks LLC is a major scam artist here also. It's criminal.

The second company SWYC seems to be involved in a coverup by Senator Mel Martinez from Florida who touted this companies technology without researching it. Mr Kovar from Skyway Communications seems to be running free after scamming the public with naked short selling on this stock. The SWYC airplane was painted with official looking US Seals to scam investors and ultimately showed up with mega cocaine busts upon the plane. Everythingis being kept hush hush by the US govt

I really wish that the SEC would condust itself in a manner which seeks to make the private investor somewhat whole / reimbursed for the misdeads of these crooks, instead they are fined with no admittance of guilt and the money dissapperas into the SEC coffers. All the while the average investor gets screwed. Since I get nothing after being scammed, I'd almost rather the SEC do nothing and just let buyer beware in the marketplace. (Frustrated private investor as you can tell, if it was a fair market I wouldn't mind but it is not a fair market, whomever has the power of super computers with trading programs and the ability to sell 100 share lots at will to affect the price downward, wins. In my opinion even short selling should be banned as that makes the markets a gambling pool not an investing pool)

(copied portion)
I appreciate the opportunity to provide comments on the Commissions proposed amendments to Regulation SHO. I am a shareholder of a company that has appeared on the Regulation SHO threshold list day after day after week and month after year.

I support the Commissions proposed elimination of Regulation SHOs options market maker exception and encourage the Commission to complete the administrative steps to accomplish this change as quickly as possible (e.g., by years end). 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 commend the Commissions recent action to strengthen Regulation SHO through the elimination of Regulation SHOs grandfather provision. I am also pleased that over the past several months that Chairman Cox has personally spoken about the abuses of naked short selling and the need to end this manipulative practice. However, I remain concerned that, despite the Commissions recent efforts and Chairman Coxs public comments, these abuses continue.

While the elimination of the options market maker exception and the grandfather provision will significantly strengthen Regulation SHO, these changes alone will not adequately solve the problem that results in continued naked short selling and failures-to-deliver. I request that the Commission (1) impose in Regulation SHO a requirement of a firm location of shares to be borrowed before a short sale can be executed, and (2) enable transparency by requiring timely disclosure of the volume of failures-to-deliver shares of companies on the Regulation SHO threshold list. The Commission should issue and complete promptly a notice of proposed rulemaking to implement these two critical components of effective Regulation SHO reform.

Sincerely,

Richard T Stevens
8 Mountian View Dr.
Hudson NH. 03051
603-595-7609

cc: Christopher Cox, Chairman, U.S. Securities and Exchange Commission

Paul S. Atkins, Commissioner, U.S. Securities and Exchange Commission

Roel C. Campos, Commissioner, U.S. Securities and Exchange Commission

Kathleen L. Casey, Commissioner, U.S. Securities and Exchange Commission

Annette L. Nazareth, Commissioner, U.S. Securities and Exchange Commission