October 6, 2008
As a small business owner and as a small investor, I strongly request you extend the ban on short selling associated with finanical stocks.
Going forward there are a great many who believe short selling should only occur on up-ticks and virtually all agree that naked short-selling regulations need to be enforced with greater diligence.
May I offer a suggestion?
When the market eventually normalize, the up-tick rule and naked-short regulations might not even be necessary, if the maximum short position on financial stocks was limited to perhaps 25% or 30% of the outstanding Float.
I ask that you at this time to reinstate the uptick rule and extend the ban on short selling
Thank you very much.
Heinz Lutz