From: ECame71225@aol.com
Sent: Tuesday, June 29, 2004 6:31 AM
To: rule-comments@sec.gov
Subject: s7-23-03

To whom it may concern:

The SEC claims to want transparancy in the markets so here is a suggestion for a 
very simple addition to proposed regulation SHO which would help accomplish that 
transparancy:  Any security which falls in the 4% category of failed deliveries be 
annexed with an additional letter like an N indicating same much as an E is now 
affixed to those companies who fail to file in a timely fashion.  This would alert 
all of the problem.  The security could trade for 30 days with the N but if the 
imbalance were not remedied within that timeline a supervised buyin would occur 
until such time as the naked short situation was remedies.  

This simple change would remedy the problem, provide transparancy and restore 
investor confidence.

Sincerly,
Alan S. Cameron
Private Investor
ECame71225@aol.com