May 6, 2011
Short selling should be disclosed and transparent. Also, "naked" short selling should be stopped. Shares must be delivered or the sales should be reversed. Either of the remedies contemplated in Dodd-Frank would improve transparency and should be implemented.
Our financial markets should exist in order to benefit our economy. Capital formation to foster investment in productive resources and creation of employment should be the goal of the SEC. A fair 'gambling casino' should not be an important goal. I believe our financial markets and the regulation thereof should favor the investor over the speculator.
Sincerely,
Eugene Harris