From: Katalin de Korompay []
Sent: December 19, 2003
Subject: File No. S7-23-03

To Whom It May Concern at the SEC,

The practice of "naked shorting and non-delivery of shares" is intrinsically unjust and those found guilty of having done it should be meaningfully punished and required to repurchase the counterfeit stock on the open market, just as they sold it.

Honest and lawful people are suffering significant financial losses at the hands of stock trading scam artists. These white-collar crooks have fraudulently increased hundreds of companies' float, collapsed their share price, and unless reversed will ultimately lead to bankruptcy. These crooks line their own pockets with the ill-gotten monies estimated to-date to be in the trillions of dollars.

The practice of "naked" shorting is nothing less than the fraudulent sale of unregistered unauthorized virtual securities to unwitting purchasers by industry agents. It's outrageous that this conspiracy between certain brokers and representatives of the DTC has gone on for years with regulatory bodies reportedly knowing about it but doing little to stop it.

"Naked shorting and non-delivery of shares" is outright theft of an investment in the country's future. Please stop it now.


Katalin de Korompay