September 17, 2009
Dear Chairman office,
Please give everyone a chance to keep capital in the small and upcoming companies. Please disallow naked shorting on our exchanges and reinstate the up tick rule to prevent the hedge funds and counterparty firms to continue to sell when the price keeps dropping. The up-tick rule prevents market manipulation because it prevents the piling on of shares as the price goes down. Naked selling is costing lower than deserved prices and jobs at the cost of people who are trying to build a strong public company. Small companies will not want to go public and instead, stay private, and spend excess cash on prevention of a drop in stock price instead of growing the business.
Thank you for your help,