May 13, 2009
Dear SEC,
I do believe that the reinstatement of the Uptick Rule would help to reduce volatility in the market especially during times of downward trends as experienced in 2008 and 2009. In addition to the uptick rule being removed in 2007, the practice of naked short selling has exacerbated the stock market's downward force. The third head of the beast has to be the use of ETFs that can avoid many of the rules and employ unrelenting short sales. This has frightened individual investors which used to contribute to capital funding for companies. Most private investors, like myself, refuse to reinvest in the market for fear of these predatory practices robbing them of their investments. Applying these remedies would encourage private investment once again and help companies to raise much needed capital. Right now, a huge amount of cash remains uncommitted on the sidelines because the market seems to be filled with "shark infested short sellers." Thank you for your time, Dawn Forry