May 19, 2009
Market volatility has increased since the uptick rule was removed, however, we just went through a rare event where our financial system almost collapsed. I believe that in a normal market enviornment, the removal of the uptick rule would not cause higher volatility.
I believe the best way to stop predatory shorts is to require each shorter to secure a borrow... set up the systems to track that shorters have a borrow before they are allowed to sell.