From: ECame71225@aol.com
Sent: Sunday, November 02, 2003 10:06 AM
To: rule-comments@sec.gov
Subject: File No. S7-23-03

November 2, 2003

Chairman Donaldson and SEC Commisioners: 

Re: File No. S7-23-03

I am writing to you this morning regarding the shorting/naked shorting proposals 
you are presently pondering.  I have just returned from church this beautiful 
Sunday morning and want you to know that I prayed for you to have the courage 
to do what is necessary to put a stop to this abuse once and for all. 

I empathize for the thousands of honest folks who work for the SEC as they must 
be very depressed these days knowing how far off track the SEC has wandered from 
its mission statement which I just read again.  As a citizen I want to be proud 
of my government and its employees.  Were I a government employee, I would want 
to be proud of the work I was doing and my employer.  You have an opportunity to 
help restore some pride to your employees and some trust to the average small 
investor who counts on you to protect and serve their interests by displaying 
leadership and doing what needs to be done to cut out this cancer. 
  
I will not dwell on the SEC's past failures other than to say I am but one of 
hundreds of thousands who have been financially hurt and held hostage by naked 
shorting.  I know for a fact thousands of complaints were made to the SEC and 
yet you failed to act.  I know that some of your best and brightest employees 
wanted to see the proposal I am now commenting on implemented some two years ago.  
When we read of FBI officials who are in league with shorters is it any wonder 
folks wonder if that is true at the SEC as well?

This proposal does not go nearly far enough in my opinion.  We the people are 
tired of reading daily about the abuses in the marketplace.  We are tired of 
seeing slaps on the wrists and token fines paid without admitting or denying 
guilt.  We are tired of seeing existing rules and regulations not enforced and 
so are your honest employees.  There should be zero tolerance for affirmative 
determination in my opinion.  You fail and you lose your license to do business 
period.  The onus should be on the brokerage firms.  They fail to practice 
affirmative determination and that firm is history with accounts taken over by 
another firm in the same way regulators intervene with a failing bank.  Too many 
have had too much stolen from them by too few.

I plead with you to have the courage and leadership to do what you know in your 
hearts needs to be done to restore integrity to the marketplace and pride to 
your employees.  

Alan S. Cameron
Private Investor