March 5, 2009
Please consider reinstating the uptick rule and investigating the market manipulation techniques used by Bear ETFs (bypassing the Reg T requirement by shorting, covering, shorting, covering throughout the day). Recently the playing field has tilted to those who profit by driving the share prices of firms to near 0. Regulating markets is a fundamental responsibility of the SEC. Even with numerous well respected economists, professional money managers, and CEOs (mostly of investment firms) asking for the SEC to reinstate the uptick rule, nothing is done. It worked for over 70 years. Why change it now It couldn't have been such a poor rule.
G Carter