September 12, 2009
1. Prohibit all short selling for hedging and through computerized program trading. This will stabilize or regulate securities' price fluctuations. SEC should never forget that the principal purpose of share issuance by corporations is to seek financing legitimately for their development that creates more jobs and brings more business to the corporations. These shares are not for gambling, and the exchanges should not be allowed to be gambling casinos. Lack of such restrictions has allowed crooks to have field days to make money through market manipulations. Allowing such crooks to make easy money this way has created a lot of ills in our society and hasn't helped the country (Just look at people like Madoff and greedy bank executives and what they have done).
2. If necessary, ban short selling altogather