From: John M. Hollen [mailto:jmhollen@earthlink.net]
Sent: Saturday, February 07, 2004 3:09 PM
To: 'help@sec.gov'
Cc: 'cfletters@sec.gov'; 'marketreg@sec.gov'; 'imocc@sec.gov';
'enforcement@sec.gov'
Subject: File No. S7-23-03 - Proposed Regulation SHO - Release No.
34-48709 (Oct. 28, 2003), 68 FR 62972 (Nov. 6, 2003)
Importance: High
Jonathan G. Katz, Secretary
Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549-0609
Re: File No. S7-23-03 - Proposed Regulation SHO
Release No. 34-48709 (Oct. 28, 2003), 68 FR 62972 (Nov. 6, 2003)
Dear Mr. Katz,
You recently received a communication from Knight Trading Group, Inc. John
H. Bluher Executive Vice President and their General Counsel. It was
obvious from his carefully constructed "..whine..", that Knight (NITE) is
unhappy with the proposed changes in SEC regulations and trading policies -
especially in the MicroCap and Mini-MicroCap (pennystock) marketplace.
Please accept that we as the general low-priced stock investing public, and
me personally, view any such communication from NITE as a blatant
confirmation of their desire to continue their ENDLESS CHEATING, DIVISIVE
TRADING PRACTICES, ILLEGAL NAKED SHORTING TO ARTIFICIALLY CONTROL &
MANIPULATE SMALL EQUITY PRICES TO THEIR PROFITABLE ADVANTAGE, TRADE THEIR
OWN AND SPECIAL INSIDER ACCOUNTS IN ADVANCE OF THE PUBLICS', AND AVOID ANY
REGULATION THAT WOULD BRING "NITE" UNDER CONTROL.
Knight Trading Group, Inc. is constantly under investigation and being
fined or reprimanded for questionable practices by the SEC and NASD. Were
a poll to be taken of the investing public, NITE would probably be shut
down permanently.
I personally view NITE as the investment communities equivalent to the
MAFIA, who apparently have such great influence over their peers and
regulators that they can lie, rape, cheat and steal with virtual impunity.
Please be clear that the general opinion, were anybody to ever ask, of
those who are most often affected by NITE's deceptive practices is:
"...If NITE doesn't like it - it is a RULE or POLICY that needs to be made
even more stringent and enforced with great vigor - as of the day before
yesterday.."!!
Respectfully,
J. M. Hollen, EE
Engineering Consultant and Investor
Iowa |
