August 31, 2007
I write in support of the sec decision to eliminate failure to
deliver exceptions. Naked shorting hurts the small investor
and small companies. Market makers should not be allowed to manufacture fake shares at will. If the practice must continue it should be extremely limited in two things: %of float and time. I Would suggest less than 1% times no more than three days. There is no excuse for a more extended practice.
Thank you for the opportunity to comment,
Charlotte Davis