February 2, 2009
Dear Chairman Mary Schapiro,
I encourage you to proceed with your platform to "Restore the Uptick Rule to Regulate Short Sales of Stocks" to help restore fair market investment and to take this first step towards renewed integrity in the financial systems.
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,
Jim Sutherland