July 21, 2006
The SEC should first protect the individual consumer, not the Hedge Funds and the broker-dealers.
The SEC should enforce the laws of the land, before they "enforce" their own regulations- many formulated mainly to benefit the aforementioned entities.
Brokers should not be allowed to counterfeit stock and skew the natural market mechanism. All short positions should be settled within 24 hours- no exceptions. Forced buy-ins should be a routine occurrence if there is an FTD situation.
I am amazed that the SEC even thinks this is open to public opinion.
Just enforce the laws, or get out of the way and let the justice department do it.