September 30, 2008
SEC Rule committee;
This may seem an unimportant issue, however I believe if you cannot stop the cascade effects of traders shorting to the point of making stocks worthless, than the "up tick" rule is necessary to maintain some level of balance. Together with the fact that the average investor doesn’t have access to the market until the day after, the price drop has occurred. If you can’t reinstate the “up tick” rule, then at least allow "stop orders" on mutual fund trades so we can move within our IRAs with some level of trading confidence.
THX JM Cox