July 29, 2008
This needs to apply to all stocks, and Market Makers need to be included in the list of who must abide by it. There must be serious consequences to breaking short selling laws, and the SEC needs to vigorously investigate and go after ALL the culprits, not just a targeted few for a headline to appear as if something is being done while the problem remains.
Additionally, the uptick rule should be reinstated. Removing it was a huge mistake on the part of the SEC which probably increased the current problems in the market.
The people holding jobs in companies affected by naked shorting, or holding the stocks in their retirement funds are getting tired of watching crooks get away with breaking the law and stealing value from stockholders and companies while the SEC turns a blind eye. If you don't act aggressively and forcefully, Congress will.