Subject: file No. 4-500

September 25, 2005

Dear SEC,

I am writing regarding SEC File No. 4-500. Request for rulemaking regarding member records of "short" positions and reporting and public dissemination of aggregate positions by security.

Small issuers traded on Pink sheets and the OTCBB deserve the same transparency and regulatory oversight of short selling as those listed on Exchanges and NASDAQ.

Please amend NASD rule 3360 and require NASD broker dealers to maintain a record of total "short" positions in all customer and proprietary firm accounts in all publicly traded equity securities as well as report this information to the NASD for public dissemination of the short positions by security.

The SEC's action is urgently needed to prevent fraudulent acts, expose market manipulation, and promote fair principles of trade and protect investors.

Thank you for your consideration,

Alan O. Beck