May 4, 2009
After 25 years in the financial services industry, (series 7 licensed since 1983) I could not believe the uptick rule was repealed, and strongly recommend the SEC reinstate the rule AS IT WAS ORIGINALLY ON THE BOOKS. If it slows electronic trading or inhibits etf trading, so be it. The delay will be healthy for the average investor, as violent moves in either direction undermines confidence in these markets. Hedging will still be available through the options and futures markets. And please ENFORCE the no naked shorting rule. The abuse there is criminal, imo.