Subject: File No. 4-627
From: Michael F Lesser, MD
Affiliation: NA

July 15, 2011

Undisclosed and "naked" short selling should be illegal. Any company receiving a FTD ("failure to deliver") notice should be fined 3x the value of the shorted (borrowed) security. This would eliminate the clear practice of "fake" shares.

One of the companies I own, LDK solar has cleared be attacked by naked short sellers who can effectively produce as many shares as they want, overwhelming the market.

I have NEVER, in 30+ years of investing, seen a growing company trading at a PE of 2, a PEG of 0.3, and below book value. This could not occur in a "normal" market scenario.

This should be considered a criminal act, prevented, and prosecuted when it occurs