May 9, 2009
Please do implement some restrictions...Human nature needs restrictions and limits.
Proposed Uptick Rule: A market-wide short sale price test based on the last sale price or tick (a proposed uptick rule).
Impose a short sale price test based on the last sale price in a particular security for the remainder of the day if there is a severe decline in price in that security (a proposed circuit breaker uptick rule).
Please do allow the SEC to regain its' "teeth" and regulatory powers. We do not need another commission, Mr. Geithner. we just need the SEC the strength and the ETHICS to do their job properly.
Please save our economic system and capitalism. Thank you.