May 5, 2009
TO WHOM IT MAY CONCERN:
1) THE UPTICK RULE THAT EXISTED PRIOR TO 2007 SHOULD BE USED.
2) SHORT SALES SHOULD NOT BE ALLOWED UNLESS ACTUAL STOCK CAN BE BORROWED.
THERE IS NO DOUBT THAT SHORT SELLERS PERFORMED "BEAR RAIDS" WHICH DESTROYED STOCKS, ESPECIALLY BANKS. STRONG RULES AND ENFORCEMENT BY THE S.E.C. ARE REQUIRED TO PROTECT OUR ECONOMY AND THE SMALL INVESTOR.
PLEASE TAKE ALL MEANS NECESSARY, ESPECIALLY THE 2 ITEMS I'VE MENTIONED ABOVE, TO PROTECT THE INDIVIDUAL INVESTORS AND THE UNITED STATES ECONOMY.
THANK YOU.