April 25, 2009
Thank you for the opportunity to comment, once again, on matters of very little import.
I have watched the SEC over the last 6 years abdicate their responsibility to protect the individual investor and, in my opinion, the inaction of the SEC in these recent times of crises is beyond criminal. To allow the failures to deliver and fails to receive to destroy the market is obscene.
You are asking for input on restoring the uptick rule and how to do it, yet what input was requested before you rescinded it? And why was it rescinded - because someone who had "juice" wanted it rescinded?
You really do know what needs to be done - get rid of the Wall Street pets and enforce existing laws on the books. Protect the individual investors and restore confidence in the marketplace.