May 11, 2009
Please re-instate the Uptick rule, in addition to any additional rules to protect the average investor and institution against unscrupulous short selling practices. It is no coincidence that the greatest market crash in recent history occured in parallel with the removal of the Uptick Rule, after the same had worked effectively for seventy odd years. The Hedge Funds and ETF's are abusing the average investor, including participating in naked short selling. Rules must be put back in place to protect the stability of the long term markets, re-assure the average investor, and reduce market volatility.