From: Steven Simonyi-Gindele [steven@octopuswireless.com]
Sent: Monday, March 17, 2003 7:18 PM
To: rule-comments@sec.gov
Subject: File No. SR-DTC-2003-03.

Dear Sirs:
Please take note that I object to the proposed rule changes and
clarifications asked for by the Depository Trust Company.  DTC is unwilling
or unable to control illegal short selling and by offering electronic
transfer facilities they are in effect aiding and abetting illegal naked
short sellers.  The rule changes sought would thwart issuers from protecting
their shareholders value by going back to a physical transfer process.

Sincerely,
Steven Simonyi-Gindele, President & CEO
ID Superstore, a division of PICS SmartCard Inc.
www.idsuperstore.com & www.smartcardinc.com
voice 604-430-0669 ext. 238; fax: 604-430-1419
Head Office:
5317 Lane St. Burnaby BC V5H 2H4 Canada