From: Mark [VikeMGA@hotmail.com]
Sent: Wednesday, November 26, 2003 6:55 AM
To: rule-comments@sec.gov
Subject: File No. S7-23-03

To whom it may concern,
 
Naked short selling is no less than criminal. I'm surprised you let it go on 
for so long. If people who buy stock can lose money if they buy at a price 
that's too high and it drops in price, but someone who sells "can't" lose 
money because they can keep selling shares that don't exist until the price 
drops far enough for them to profit, where's the fairness? How are small 
companies expected to grow if people are selling their stock? In the OTCBB 
investors get burned quite frequently by buying at prices that are too high, 
but name someone that got burned by selling naked shares? Please, just find one, 
anyone!  Seems to me the sellers (naked shorters)have the advantage. And if naked 
shorters have the advantage, this means it's better to short than to buy. If this 
is the case, which it appears to be, then small companies are bound to lose when 
they need cash to expand their business. If they lose, workers at that company 
lose. In my opinion, something has to be done, and soon. 
 
Mark Anderson
Mpls MN.