June 1, 2009
We have many clients that are thoroughly disgusted with all that has transpired on the "street" over the last year. The public perception is that the market is rigged in favor of hedge funds and "big" money. Naked short selling is a huge problem.
If the intent here is to create a market that caters only to these special interests, don't do anything and John Q. Public will eventually pull all of his assets from the market.
If the intent is to have a "fair" regulated that functions the same for all, I would strongly suggest that you reinstate the uptick rule to at least give the appearance of fairness and equality.