Subject: File No. 4-500
From: Terry Sneed

May 22, 2005

Please consider the SEC File No. 4-500. Request for Rulemaking Regarding Member Records of "Short" Positions and Reporting and Public Dissemination of Aggregate Positions by Security. Please make this needed improvement to the OTC markets.

Without this rule change investors and securities regulators will be blind to any short selling activity in Pink Sheets and OTCBB stocks. The SEC needs to know that the lack of short sale information in my securities is unacceptable and demand you change NASD Rule 3360 immediately.


Terry Sneed