September 16, 2005
Gentlemen:
I write today in support of the Amendment to NASD Rule 3360 and ask that you require NASD broker dealers to maintain a record of total “short” positions in all customer and proprietary firm accounts in all publicly traded equity securities as well as report this information to the NASD for public dissemination of the short positions by security. Your action is urgently needed in order to prevent fraudulent acts, expose market manipulation, promote fair trade principles of trade and protect investors.
Many companies like Datameg are poised for success and need these eminently fair and reasonable rule changes in order to overcome market manipulations. Thank you for your attention to this matter.
Mark P. McGrath
President, Datameg Corporation