From: YANKS2569@aol.com
Sent: Sunday, November 30, 2003 4:28 PM
To: rule-comments@sec.gov
Subject: FILE #S7-23-03 NAKED SHORT SELLING

Dear Sirs/Madame

I hope I have reached the correct parties to express my disappointment with 
the extreme amount of NAKED SHORT SELLING that is obviously infiltrated the 
market.I am new to the market and was not aware of the effects of NAKED SHORT 
SELLING but when I put an electronic sell order for a security and received a 
message that it did not show up in my portfolio I started asking questions.
After finding out how easily I can be duped due to no fault of my own I would 
suggest every person that owns a stock should have the certificates sent 
directly to them upon purchase.Would this not help alleviate some of the 
problems? I have owned several technically sound stocks that were stagnant 
and as soon as a couple of articles showed up about the crack down on NAKED 
SHORT SELLERS the stocks began to climb.I would hope something severe is done 
to eliminate this virus that is causing great companies to sour and hindering 
their growth.It is also tragic for the uninformed investor that may lose their 
savings to these  underhanded schemes.PLEASE STOP NAKED SHORT SELLING before 
it kills the market that is so vital to the American economy.

Sincerely,

G.P.