March 11, 2009
1. Please immediately take an active and aggressive effort to enforce the naked short selling rules.
2. Please reinstate the uptick rule.
3. Please advocate for modification of FASB 157, particularly as to the ramifications of illiquid market valuations and the negative impact on regulatory capital requirements. In other words, some regulatory forebearance is in order during this particular environment.
4. It would be helpful to the investing public to hear a more frequent and consistent message from the SEC.
Thank you.