May 5, 2009
Please bring back the Uptick rule, as it was before the previous SEC regime did away with it and enforce the rule to prevent Naked Short Selling.
A retail investor has to overcome many disadvantages to have a chance to compete against the professionals, without the Uptick rule he has no chance.
We all saw what happened to some companies late last year. In a bad economy and a bad market no Uptick rule and Naked Short Selling destroyed companies and lives that could have and should have survived.
Thanks