From: Dick Litrate
Sent: August 3, 2005
Subject: File No. 4-500

This e-mail is to verify my support of the petition below submitted by for transparency in the otc and pink sheet equity markets:

Proposed Amendment to Rule 3360

The amendment to existing Rule 3360 that we propose, with inserted language in italics and deleted language in brackets, is as follows:
3360. Short interest Reporting
(a) Each member shall maintain a record of total "short" positions in all customer and proprietary firm accounts in [securities included in The Nasdaq Stock Market and in each other security listed on a registered national securities exchange] all Nasdaq National Market and Nasdaq SmallCap securities, all Consolidated Quotation Service (CQS) securities traded in the over-the-counter market, and all OTC Equity Securities as defined in Rule 6600 that are [and] not otherwise reported to another selfregulatory organization and shall regularly report such information to NASD in such a manner as may be prescribed by NASD.

The remainder of the Rule would not be changed.

Thank You
Dick Litrate