May 4, 2009
Naked shorts and the elimination of the up-tik rule have had extremely negative effect on the free market system. They are one of the reasons for the near collapse of the financial system. With the elimination of the up-tik rule and the use of naked-shorts, the average investor is at a great disadvantage with those seeking to destroy corporations. Wealth is generated by capital investment, manufacturing and marketing. It is irrational to think that naked shorts are anything but detrimental to the free market system