July 11, 2008
I support elimination of the Market Makers exemption.
I support amendment to rule 203(b)(3)(iii) of Regulation SHO - completely eliminating the close out exemption for option market makers as proposed (not alternative 1 or 2) .
I support amendment to rule 200(g)(1)which will require a "locate" on short sales securities and proper marking of sales as "long" or "short".
I also support amendment to rule 200(g)(1) proposed in the second round in release 34-56213 File No. S7-19-07 because I am being harmed from mis-marked sales as "long" when they are NAKED short which should tell all, they are counterfeit shares.
In the event of failure to amend rule 200 (g) (1), please make and release a cost analysis incurred by equity investors for each stock this occurs and post the results on the SEC webpage.
The SEC must do a cost analysis incurred by equity securities investors if you do not eliminate the market maker exemption as your new data clearly shows the fails are being produced by invoking that exemption which, in turn harms me as an private investor.