From: Roger J. Steffensen [r.steffensen@cox.net]
Sent: Saturday, March 08, 2003 12:21 PM
To: rule-comments@sec.gov
Subject: SEC Release No. 34-47365 (DTC-2003-02)

Dear Sirs:

This is absurd.  You are supposed to protect investors, not help defraud
them.  Why don't you do your job?  It is shocking that the S.E.C. has
done nothing to address the outrages of naked short selling, short and
distort campaigns, the use of partially covered short positions to avoid
the short on uptick rules, and abusive short selling in general.  The
entire concept is absurd. Someone can borrow my property without my
permission or knowledge, and sell it without compensation to me.  Only
in the stock market is such an unfair, unreasonable system allowed.

Now, with this rule change, the S.E.C. is prepared to act to protect the
hoodlums that abuse a system that should not even exist. This is
outrageous. Trash this rule change and address the short selling abuse.
You are supposed to protect investors,
not help defraud them.

It is appalling that the S.E.C. is not doing its job -- is not
protecting investors, but instead is creating approaches that make it
easier for hoodlums to manipulate markets by abusive short selling.
When are you going to address this issue of abusive short selling?  The
S.E.C. needs to grow up and do its intended job.

Sincerely,
Roger J. Steffensen
7020 East 89th Street
Tulsa, OK 74133-5021