From: Jake Barrett [jakethesnake00934@yahoo.com]
Sent: Thursday, March 13, 2003 8:34 AM
To: rule-comments@sec.gov
Cc: help@sec.gov
Subject: sec release# 34-47365 (DTC-2003-02)

Jake Barrett
PO Box 34579
Ft Buchanan, PR 00934


March 13, 2003 

Mr. William H. Donaldson, Chairman 
Securities and Exchange Commission 
450 Fifth Street, N.W. 
Washington, D.C. 20549 

Dear Mr. Chairman: 

Last week in President Bush’s address to the nation he
made a point to thank the millions of citizens who
were praying for him. I want you to know that I am not
only praying for our President but yourself as well. I
am praying that you will have the courage to do what
has to be done to correct the present abuses in the
market in order to help restore investor confidence. I
am praying that you are strong enough to stand up to
those whose sole motivation is greed. I am praying
that the epitaph you wish to be remembered by is that
under your watch the playing field was leveled so that
the small investor and the small company were provided
the opportunity to grow and prosper if they worked
diligently. 

I am but one of millions of small investors who chose
to invest in one of the many small companies which
have been targeted by naked shorters. For the past
several years many companies like the one I invested
in have been driven out of business with the only
winner being the offshore naked shorter. The losses to
companies and investors must be in the billions, to
say nothing about the jobs lost, while the proceeds
generated for those shorting have been tax free. 

One only has to look at who sits on the Boards of
Directors for the NASD and the DTC to quickly realize
that the fox is guarding the henhouse. The SEC has
received thousands of complaints about naked shorting
and so far seems to have turned a blind eye to the
issue. On behalf of the millions of hard working
investors who have lost billions of dollars and are
being raped daily by the system as it presently
exists, I pray that you are inspired to promptly make
changes which will help restore some integrity to the
marketplace. 

Sincerely, 
//s//
Jake Barrett
PCBM holder of stock

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