July 12, 2008
Once again, we investors are asked to provide comments on the Commissions proposed amendments to Regulation SHO. Why has this been extened for comments repeatedly over the past so many years? What is it you find so hard to understand?
What will it take for you to come to the realization, that the happenings regarding NAKED SHORTING in the market, is indeed a crime of "Financial Terrorism"? A crime committed against the American Investor and one that is punishable by law? What will it take for the regulatory agency to step up to the plate to enforce the laws, that they themselves had created? Be it known that by your actions or should I say lack of actions regarding this matter of NSS, makes the regulatory agency just as guilty ( by aiding abetting) as those who have actually committed the crime of "Financial Terrorism".
You have failed miserably in your duty, "To protect the American Investors". Was this not the postion you were hired for and are paid for? The resignations of any all persons who are not capable of doing their job/duty, would be greatly appreciated. The American Investors demand and are entitled to strong leadership from the regulatory agency. Leadership who will guarantee them an honest trading market. This has been proven to not be the case, thus far.
We, as American Citizens, have rights... We will no longer tolerate the fact, that the very people who have been hired and paid to protect those rights, are in fact the ones who are responsible for the investors being denied the same.
Your decision:
Do your job...It's your duty
resign
Be criminally prosecuted
Clean up the Market NOW.