May 5, 2009
I believe the SEC has gone wildly astray in recent years and is in large degree, responsible for the recent financial melt down.
I would like to see the uptick rule restored to its previous state and all recent exceptions to the rule expunged. Further, I would like naked shorting banned along with all short ETFs (no exceptions). Further, I would like to see a new rule that requires all large volume traders (e.g., traders who have long or short positions in companies that represent greater or equal to 10% of the outstanding shares of the company)should be required to publish their long and short position on a monthly basis, showing their recent position and their position in the previous month.
Thank you for considering my comments.