From: Joseph Gliatta
Sent: June 7, 2005
To: rule-comments@sec.gov
Subject: File No. 4-500


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.

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

-concerned Investor