''The most egregious abuses pertaining to naked shorting are occurring on the bulletin board and pink sheets. This fact is particularly troubling because REG SHO fails to address or provide any meaningful reform in these marketplaces. I believe this failure is due, in large part, to the lack of resources committed to these markets and the resultant lack of transparency.''

Sincerely,

Ralph A. Lambiase

NASAA Past-President and
Director, Connecticut Division of Securities

http://investorshub.advfn.com/boards...

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