Subject: Reg. SHO

July 20, 2008

Naked short selling is a long time violation of present regulations prior to Reg. SHO. As recent attempt to ban Naked Short selling by using an emergency declaration on selected financial entities shows the ineffectual nature of Reg. SHO It is highly prejudicial and has the apparent effect of blessing naked short selling against all other investment sectors.

Please do something to end Naked Short Selling on all securities.

Tom Davidson