April 28, 2009
I do not feel the proposed rules go far enough. The primary focus should be on making the markets a place for investors, not gamblers and speculators. If a stock is worth buying, then it should be worth holding for a minimum of thirty days. The only exceptions would be for unforseen events, such as backruptcy. I do not feel one should be able to sell something they don't own. This is illegal for most other property.
Similarly, for commodities the buyer should have to be able to take delivery before being allowed to resell.
If these steps had been in place there would not have been the extreme oil prices last summer and the markets would not be nearly as volitile.