Subject: File No. 4-500
From: Joshua Rosenthal

May 21, 2005

I am voicing my support in the Pink Sheets request of rulemaking regarding member records of "short" positions , reporting and public dissemination of aggregate positions by security.

This has gone on long enough and is way over due to see these types of changes. It is time to force stricter rules on the pink sheets. Please make a strong consideration upon these simple and much needed requests.

Thank you.