This e-mail is to verify my support of the petition below submitted by pinksheets.com for transparency in the otc and pink sheet equity markets:
Proposed Amendment to Rule 3360
The amendment to existing Rule 3360 that we propose, with inserted language in italics
and deleted language in brackets, is as follows:
3360. Short interest Reporting
(a) Each member shall maintain a record of total "short" positions in all
customer and proprietary firm accounts in [securities included in The
Nasdaq Stock Market and in each other security listed on a registered
national securities exchange] all Nasdaq National Market and Nasdaq
SmallCap securities, all Consolidated Quotation Service (CQS) securities
traded in the over-the-counter market, and all OTC Equity Securities as
defined in Rule 6600 that are [and] not otherwise reported to another selfregulatory
organization and shall regularly report such information to
NASD in such a manner as may be prescribed by NASD.
The remainder of the Rule would not be changed.
Thank You
Dick Litrate
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