In a letter to the Securities and Exchange Commission the United States Chamber of Commerce ("USCC") called for more regulations of short sellers. The USCC has joined the crusade against naked short selling, but advocated regulations that would affect all short selling.

In an article published today in HedgeWorld titled "U.S. Chamber of Commerce Joins Anti-Nakeds Campaign" the Senior Vice President of the USCC, David Chavern says naked short selling is a big problem for some small, but growing companies. Yet Mr. Chavern does not mention any such companies.

We would welcome the USCC's disclosure of a single company that they believe has been harmed and could have been protected with its proposed new regulations. However we doubt that this disclosure will occur since the mention of an affected company would subject the USCC to the risk of being inadvertently in a position of advocating the protection of frauds and encumbering market forces that aid investor protection.

Click here to see HedgeWorld article.

Click here to see the USCC letter.

Click here to see Mr. Asensio's response.