March 15, 2009
Dear Chairman Schapiro,
I wish to express my opinion that the Up-Tick Rule be reinstated IMMEDIATELY. !Since the removal by ex-Chairman Cox, the markets have been in a literal free fall as short sellers worked together to "bear raid" various institutions. !In doing so, their actions have driven the markets to levels not seen since 1996-1997.
NOW is the time to reinstate the rule that had been in place since the Great Depression Now is the time to bring confidence and normalcy to the markets This would be accomplished by reinstating the up-tick rule. Thanks for hearing this opinion. ! Be Strong & Courageous,