Subject: File Number S7-19-07

July 17, 2008

Your regulation does not address the issue of the flagrant naked short selling of the gold/silver mining companies. This practice of creating phantom, counterfeit shares must be corrected. Naked short selling and FTD is criminal and these criminals in white collars must be stopped. It is the duty of the SEC to do so. The public outcry about Enron will be nothing when compared to the heads that roll if the SEC does not do its duty and act against the practice of naked short selling and FTD in all cases, not just a select, favored few big ones.

Do your job and stop the naked short selling and FTD that is going on in the gold/silver mining company shares.


J. Spence Stephens

Investor/Shareholder/American Citizen