Letter to Elected Representative(s)
------------------------------------------------------------------- Dear (Congressman or Senator) _____________ Date _______ Please allow me to introduce myself. I am one of your loyal constituents, and I am writing this to ask for your assistance relative to SEC regulations regarding short selling. Some background on my request. I am a principal in ______ Partners, a large ___-based ____ fund that utilizes a variety of trading strategies, many of which are too complex for regulators and ordinary ___________ to understand. I also own undisclosed but influential interests in the _______, _______ and ________. In early 2005, I began shorting the common stock of a small, almost worthless company, even though I did not bother to borrow the shares (this is known in the business as "strategic naked shorting," or SNS). The name of the company is ______ ______ Corp., which trades on the OTC Bulletin Board and Pink Sheets, a delightfully under-regulated financial frontier where fraud and shady ____ are rampant. My naked short position in this stock is equal to about ____% of the shares outstanding, and I happen to know that several of my peers with other firms have their own naked short positions that are also of ____% or larger. After I took my short position, ___ _____ Corp stock effected a ______-for-1 split, which reduced its shares outstanding to _____ million from ________ billion (yes, that's billions with a "_"). Also, within days of my purchase, ________ ______ Corp was mentioned in an article in ______ (a known mouthpiece for unscrupulous _______ and dubious _____). This article described how a so-called individual investor, (actually a serial ______ and sheep-____ named ______ ____) had filed a form ___ with the SEC, claiming that he owned ___% of the stock of this same ____ _____ Corp. Yet even after Mr. ____ had apparently placed his ___% of the outstanding stock of _____ ______ Corp. in his _____ drawer, the stock continued to trade in significant volumes. The only explanation for this apparently impossible situation is that _______ Partners and others may have been a little over-enthusiastic in our creation of naked short shares, and somehow these shares have escaped into the wild and continue to trade. Normally when this happens, standard procedure directs us to short more until the stock goes to zero, or close enough to zero that we can cover and move on to the next victim. However, we had really rotten luck with this one, and the ____ article was somehow brought to the attention of Senator _____ ______, from _____. Shortly afterward, Senator ________, during hearings before a _____ Committee on ____ and _____, began making off-base and inflammatory remarks about my profession, and actually read out loud excerpts from the article in ______ as an example of the ______ ____ of naked _____. Fortunately, Mr. _____ ______, the official in the chair at the time, had the presence of mind to appear to misunderstand to drift of Senator _____'s remarks, and he was able to avoid promises of specific action. But I fear this incident will be only the first of many, and that one day the Global Links that connect the freedom fund industry to ____, _____ and politicians will be revealed, and our ability to make consistent, effortless profits through strategic naked shorting will be curtailed. So I request your continued help in restraining those elements that would seek to bring this issue into the spotlight of public scrutiny, and particularly in supressing any new regulations by the SEC that would decrease the rich returns available through strategic naked shorting. As we all know, freedom is not free, and today's price is $______,______ which is the amount of the donation I am enclosing as a sign of our gratitude for all your past and future efforts in this cause. Best wishes to your and your lovely wife _______, (replace "wife" with "partner" here if your representative is gay) and you have my personal assurance that your investments in our funds will always produce extraordinary results for all concerned. With Warmest Personal Regards, ___________________(your name here) ------------------------------------------------------------------------------------------------------------------ (Remember To: Print this page and mail to your elected representative with check made out to cash in the amount mentioned above) |