Letter: Robert Shapiro to SEC on Regulation SHO


Robert Shapiro to SEC on Regulation SHO

Robert Shapiro

31 August 2004

I am Robert J. Shapiro, chairman of Sonecon, LLC, an economic advisory firm in Washington, D.C., and a long-time observer and analyst of U.S. and global financial markets. I served as Under Secretary of Commerce for Economic Affairs from 1998 to 2001, Vice President and co-founder of the Progressive Policy Institute from 1989 to 1998, and principal economic advisor to Governor William J. Clinton in the 1992 presidential campaign. I hold a Ph.D. from Harvard University and have been a Fellow of the National Bureau of Economic Research, the Brookings Institution, and Harvard University. I want to convey my serious concerns about the impact of the final version of Regulation SHO regarding short sales, as issued by the Securities and Exchange Commission (SEC) on July 30, 2004 1 , on the fairness and transparency of our equity markets.

PDF (4 pages): Letter to SEC on Reg SHO – Robert Shapiro – August 31 2004