From: Marion Huseby [mhuseby@hsonline.net]
Sent: Tuesday, November 18, 2003 8:20 AM
To: rule-comments@sec.gov
Cc: lugar@lugar.senate.gov
Subject: Naked Short Sales (s7-23-03)

Senator Lugar has informed me that  your committee is reviewing your double 
standard enforcement of short sales since you are not enforcing the 1934 law 
against naked short sales in the bulletin board market.  The 1934 law directed 
the Commission to "purge the market" of short selling abuses. Further, it 
appears you are going to drag this double standard out for a two year period.  
When will this end????  Probably when you and the people you represent (special 
interests such as security dealers) have all the money.  Does anyone in Washington 
look out for the welfare of the common man or small companies or even care what 
is right or wrong. Let's make it plain:  IT IS ILLEGAL AND IMMORAL TO SELL 
SOMETHING YOU DON'T OWN.  Now swallow hard and fix it. NOW.  If you don't, you 
are letting  security dealers  keep  the tool (lack of enforcement) they use to 
drive most small bulletin board companies into the ground. If you are in doubt, 
please take a look at the class action suit currently in progress against Naked 
Short Sales by 70 some bulletin board companies. Why do the courts have to do 
what the Commission should already be doing. A good question.  A voter .  

Marion Huseby  
1602 Hunter Place  
Columbus, Indiana  
mhuseby@hsonline.net