May 4, 2009
Please reinstate the Uptick Rule (reinstate SEC Rule 10a-1, which was eliminated July 7, 2007) which was previously in effect since the late 1930's. I believe it was a credible method to discourage and at least slow down predatory short selling and Bear raids organized for the sole purpose of destroying a companys stock price. In my opinion, the sooner this rule is reinstated the better, as its questionable elimination has contributed to severe damage and increased volatility in the USA capital market. Without this reinstatement I believe many common investors will be reluctant to invest/reinvest in the USA capital market.