Subject: File No. S7-08-08
From: Jean-Pierre Gheysens
Affiliation: Bank employee

July 19, 2008

In the times we are facing small and middle size companies represent our hope for the future as they are able to adapt rapidly to change mainly due to their size.
By allowing naked short selling you destroy their ability to attract capital and therefore create job opportunities which in turn creates wealth for many.
People using naked short selling do not care about what happens to others, not punishing them is the same as encouraging them to continue to destroy the future wealth and competitive advantage of your country.
What will be your choice?