Subject: File No. S7-19-07
From: David Jackson

July 16, 2008

Chairman Christopher Cox:

You have received many detailed comments from individuals exposing the travesty of naked short selling. It was only a few short years ago that the SEC was insisting that naked short selling didn't exist, but those of us who had been victimized by this corrupt and illegal activity begged to differ. Finally, your agency is acknowledging that the practice does exist but, for whatever reason, you seem hesitant to enforce rules in place that would prevent it.

My comment is short and simple.......Stop the illegal practice of naked short selling (counterfeiting) now and do your job of protecting innocent market investors. Thus far, you've only protected the individuals/institutions who are perpetrating these atrocities.

While you're at it, you might want to take a close look at a practice that I feel is equally harmful to the market. That practice is the abuse of the Stock Borrow Program that is running unchecked within the DTCC. Borrowing the same shares of stock multiple times seems equivalent to naked short selling in my opinion.

Please consider doing the right thing and protect us from the cirminals who have been allowed to run rampant over our investments.