March 16, 2009
Uptick rule should be reinstated. Short sellers are ruining the stock market for responsible long term investors.
You should prohibit use of ETF's etc. that short stocks by 2X and 3X. They are completely destroying the
ability of the average investor to get fair and equitable treatment in the Stock Market.
Short sellers have an unfair advantage in the Market without the uptick rule and by the ability to use ETF's and
other instruments to short stocks 2 and 3 times. This is UNFAIR to investors who want to invest for the long term.
Please help the average investor get a fair shake in the market. Thank you very much.
Alex DeGennaro
Port St. Lucie, Florida