July 17, 2008
re: SEC Release No. 34-58107
Naked shorting is a fraud committed upon the investing public. It is the act of selling something that does not exist.
"He who sells what isn't his'n, should pay the price and go to pris'n." Permitting crooks to fail to deliver is an abdication of your enforcement duties. And it makes your agency complicit in this crime. I ask that naked shorting of stocks be made illegal and return our markets to a semblance of integrity that is sorely lacking in the current cesspool of finance. Gale Ormiston