Sent: August 10, 2007 |
To whom it may concern I believe there is a crisis facing the OTC market today in the lack of short sale position reporting and disclosure for OTC issues. This lack of transparency regarding short selling in the OTC market allows fraudulent acts to go undiscovered and manipulative short sellers to hide. I believe regulators should fix the problem. Small issuers traded on the Pink Sheets and the OTCBB deserve the same transparency and regulatory oversight of short selling as those listed on Exchanges or NASDAQ. When nothing is done, the people in charge of this inequality are as guilty as those doing it. As long as this goes unchanged, small start up companies and small time investors go bankrupt and the economy suffers. This manipulation MUST stop now. Thank you for your time |