May 5, 2009
Re-instate the original uptick rule.
The SEC must also require — and enforce — short sellers to possess at the time of the sale a demonstrable legally enforceable right to deliver the shares — a so-called pre-borrow requirement.
And finally put some teeth into your Enforcement of Rules and Regulations. Fine the Buying Broker when Failure of Delivery occurs if that Broker does not Buy-in the Selling Broker @ T+4,no exceptions.