NASAA Letter to SEC on Proposed Amendments to Regulation SHO
Joseph P. Borg
NASAA, 4 October 2006
NASAA offers its support of the proposed amendments to Regulation SHO. While we are encouraged that the Commission is adopting a more proactive stance in this area, we believe that much more is necessary in order to regain public confidence in the integrity of U.S. capital markets and protect both the investing public and our nation’s small business interests. NASAA strongly urges the Commission to take all necessary steps to eliminate abusive short selling, and the corrosive practices that surround it, consistent with the Commission’s mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
PDF (22 pages): NASAA Letter to SEC on Proposed Amendments to Regulation SHO