May 5, 2009
I just wanted to say that these short-selling ruled need to be re-instated & some new ones added. I like the circuit breaker proposal banning short-selling outright for the rest of the trading session in a stock that declines 10 percent or more. Also, there needs to be enforcement of naked short-selling again. I think it was very poor judgement to remove this rule to begin with.
An investment firm that sells their own managed mutual funds to their clients...participates in heavy short-selling that may cause a stock or several stocks to decrease in value...wouldn't that be a conflict of interest or something not legal or ethical because the effect causes the value of the mutual funds they manage to decrease?