September 12, 2009
I truly believe it would be in the best interests of the markets that an uptick rule of
some type be implemented. As it stands now certain groups of investors are seemingly allowed an unfair advantage when no uptick rule is enforced. The markets will surely be damaged if the small or average investor is not protected from these unbridled traders and their predatory practices.
I strongly believe that the SEC has a fiduciary duty of a sort to make sure that all investors participate on a level playing field.
Hopefully, the agency will take immediate action and correct this egregious situation.