Chairman Cox Responds to STA Comments on Emergency Order

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6 August 2008

Please find attached the letter from SEC Chairman Christopher Cox which responds to our letter of July 23, 2008 responding to the Emergency Order imposed on short selling at that time.

We continue to carefully monitor the short sale issue and will keep you informed as appropriate.

John Giesea
President & CEO
Security Traders Association

Click here to view Chairman Cox’s response.