From: Patricia Diane Lords
RE: SEC File No. 4-500. Request for Rulemaking Regarding Member Records of "Short" Positions and Reporting and Public Dissemination of Aggregate Positions by Security.
I believe the practice of naked short selling should be abolished. I also believe I am a victim of this practice and will be taking further steps to determine this.
I think you should seriously consider 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.
Thank you for your consideration.
Patricia Diane Lords