February 1, 2009
Dear Chairman Mary Schapiro,
Our financial system is very near collapse.
It is essential to restore confidence in our financial system in regard to the buying and selling of equities.
Please eliminate the naked short selling of all equities on all exchanges. Please ENFORCE the ban on naked short selling of all equities on all exchanges.
In addition, one of the biggest errors in judgment of the last Administration was the withdrawal of the uptick rule. It has led to unnecessary ravages in the financial markets. Sound stocks have been damaged. Pension Funds, personal savings and much more have been decimated. The question is to whose gain It is time to create rules to protect the average American and their savings.
Please reinstate the uptick rule before it is too late.
Thank You, Jimmy Curran