Subject: File No. 4-500
From: Richard M Luchini

May 4, 2005

RE: Pink Sheets' Request for Rule making Regarding Member Records of "Short" Positions and Reporting and Public Dissemination.

I am very much agree there is a wide spread need for this proposed rule change. The evidence of wide spread abuse grows greater and greater and there are no viable tools to control the abuse. The problem should be an embarrassment to the regulatory agencies but is still is being ignored. Make this rule change and curb the abuse.

Thank You

Richard M Luchini
Stockton, CA.