July 9, 2008
Commissioner:
I support the immediate removal of the "Grandfather Clause" dealing with Regulation SHO. The Securities and Exchange Commission needs to follow through with their proposed changes in order to instill some trust back into the stock market and how it operates. Americans and people from all over the world depend on you for the integrity of the stock market, and it is your duty to make whatever changes need to be made to enforce a fair and honest system. The brokerages and hedge funds that do not want these changes should be making it obvious to you why you need to eliminate their exemption of past fails to deliver. As people throughout the world watch the fall of the dollar and are losing faith in our government, please do your part to invoke change in the division that you are in charge of.