Subject: File No. S7-19-07
From: Mark Lee

August 31, 2007

The existing system has a loophole that has been shamelessly exploited for years. Mr. Cox, with great respect I say if the SEC is really serious about "fixing" Reg SHO, then CLOSE the damn loophole

The market makers want 35 days? Gee, I wonder why? Why 35? Why not 70? 100? Smells like another loophole to me.

How about THREE business days? When I purchase a security, I have to pay for it when I buy it. When I sell, the funds clear to my account within 3 days. Seems reasonable. In this age of electronic trading...tell me...WHY CAN'T EVERYONE PLAY WITH THE SAME RULES?

Anything less is just BS

Let's see if Patrick Byrne's company - and hundreds of others - can be successful in the markets on their own. This is the way the system should work.