Subject: File No. 4-500

September 9, 2005

Dear Sir or Ma’am,

This short email is to let you know that I strongly support the Pink Sheets petition to cause an amendment to 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 on this issue is urgently needed to prevent fraudulent acts, expose market manipulation, promote fair principles of trade, and protect investors.


Samuel L. Gray