Subject: File No. 4-500
From: Charles E. Campbell
Affiliation: Campbell & Associates

May 3, 2005

Dear Mr. Katz:

I fully support SEC File No. 4-500. Request for Rulemaking Regarding Member Records of "Short" Positions and Reporting and Public Dissemination of Aggregate Positions by Security.

I cannot see any reason not to give smaller investors the same rights as larger investors. I am surprised it is not a rule all ready.

Thank you.

Charles E. Campbell
Campbell & Associates

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