From: Jennymca93955@aol.com
Sent: Sunday, January 04, 2004 8:07 PM
To: rule-comments@sec.gov
Subject: File s7-23-03 Proposed Regulation SHO 
Dear SEC,

I wanted to share with you my opinion regarding Regulation SHO.  

In my opinion, instead of focusing on the problem (if any) of naked short 
selling and the negative impact naked short sellers bring to the market, 
why not draw the attention to the numerous companies that are committing 
fraud, lying, cheating and taking advantage of innocent and uneducated 
investors?  With a little research, it is not that difficult to discover 
these companies and the people behind them.  These companies and there 
colleagues manipulate the market much greater than short sellers. 

I have thought how the OTCBB market would react without naked shorting 
and it frightens me.  We might as well send the stock promoters and 
deceptive companies a huge check.  Eliminating naked short selling will 
not only reward these companies financially, but also entice others to 
join the industry of securities fraud.

Whatever the decision is, all traders and brokers will have to abide.  
My question is who will clean up the mess and how much will it cost the 
markets as a whole?

Thank you for taking the time to read my comments.


Jenny McAdams