Mar. 2, 2025
Chairperson U.S. Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Dear Chairperson, I am writing to express my concern over the ongoing issues of naked short selling and market manipulation, which have the potential to undermine the integrity and fairness of our financial markets. Naked short selling, which involves selling shares that have not been affirmatively determined to exist, poses significant risks to market stability and investor confidence. This practice can distort stock prices and create artificial supply pressures that harm both investors and the companies involved. Market manipulation, in its various forms, undermines the principles of transparency and fairness that are foundational to our financial system. It disadvantages individual investors and can lead to unjust outcomes, shaking public trust in the securities markets. I urge the SEC to take decisive action to enforce regulations against naked short selling and other manipulative practices. Enhanced surveillance, stricter penalties, and increased transparency are critical measures needed to protect investors and ensure fair market conditions. Thank you for considering this important issue. I hope the SEC will continue to uphold its commitment to safeguarding the integrity of our financial markets. Sincerely, Jin Sangha