February 18, 2009
Bring back the uptick rule! The shorts are killing the retail investors. The playing field has been shifted to favor hedge funds and it's the role of the SEC to protect the individual investor, NOT the hedge funds.
The three day rule is ignored, or sidestepped. Enforce the rules that exist. Hire investigators to go after these people that shuffle naked shares from broker to broker rather than account for them.
The government is spending untold amounts of money to prop the economy and help the market. Doesn't it make sense to level the playing field of the stock market as a first step? Why are all the advantages given to the short interest?
Spending a couple of million dollars to hire SEC investigators and enforcing the rules that ALREADY EXIST would end this daily bloodbath.
Sincerely,
Paige Vonder Haar