July 18, 2008
Dear U.S. Securities Exchange Commission:
I would like to personally thank you for taking the time to ask for comments on amending the Regulation SHO. It is long over due and requires changes.
However, what is being proposed by the Treasury Secretary is not only unfair and unreasonable it is immoral and corrupt. For a Secretary Treasurer of the United States of America to be so biased against one investor vs. another (that is to single out his former employer and competitors and Freddie and Fannie) from naked short selling against all others is totally unacceptable. Naked short selling is a crime. It should be stopped against all companies in the market place. To allow the primary dealers who buy and sell for their own account to be immune from adverse consequences of the market place while at the same time abusing other companies and investors by naked short selling is just down right egregious and prejudicial.
All investors deserve to be treated equally and all companies deserve to be treated with the same set of rules.