Subject: File No. 4-500
From: Geoff Watson

May 5, 2005

To Whom It May Concern:

I fully and unequivocally support this motion to change the rules 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.

As a 25 Industry member in Canada and former series 7 licensed broker in the U.S. I believe that any rules towards transparency in the marketplace for public access are a step in the right direction towards starting to curb manipulative practices within the OTC and Pink Sheet companies, and will help put the ‘public’ back into ‘public trading markets’


From the desk of Geoff Watson.

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