August 19, 2005
Please enforce the amendment of 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, promote fair principles of trade and protect investors.
The positions I invest in on the Pink Sheets and the OTCBB deserve the same transparency and regulatory oversight of short selling as those listed on the Big Boards and NASDAQ.
Your attention to this glaring problem is greatly appreciated.
Please act quickly my retirement is dwindling.
Thanks very much