April 2, 2009
At least 6 U.S. Senators have noted that the SEC did nothing in response to not less than 5,000 complaints of abusive shorting and "naked" shorting of securities. It is imperative that the SEC act as soon as possible to end these abuses. These abuses have actively harmed numerous companies in that they have impede the access to capital markets and have harmed innocent investors who had no knowledge of the manipulation. The failure to act by the the prior administration has done immeasurable harm to the credibility of the SEC and the Federal Government.
Please act promptly to end these abuses.