Subject: File No. 4-500
From: John W. Williams

May 8, 2005

NASD attention, please:

This is a request for rulemaking member records of "short" postions and reporting and public dissemenation of aggregate positions by security.

Request for amendment of NASD 3360 to prevent fradulent acts to expose market manipulation and promote fair principles of trade and protect us investors.

I am a pink sheets investor and find that this unfair practice has and is costing me considerable value in dollars today and tomorrow.

Please act NOW!


John W. Williams
Professor of Music

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