May 13, 2009
You should reinstate the uptick rule as it was written 70 plus years ago. The officials and lawmakers at that time knew firsthand the dangers of letting the "shorts" destroy value and capital in the financial marketplace. This rule should have NEVER been relaxed or revoked. However true that the shorts did not cause the current financial downturn they did, in fact, cause it to be much worst and volatile than was necessary and brought some of the financial institutions to brink of collapse. Your office needs also to start vigorously and with prejudice prosecuting "naked short selling" which is also contributing to the market problems.
Thanks you,
P.Mills