May 4, 2009
The abuses of "Naked" Short Sellers and "Dog Pounders" substantially contributed to the collapse of the financial stocks and many other decent companies this past year.
Do not water down the proposed "uptick rule". The correlation between the elimination of the uptick rule and the collapse of the stock market, shortly thereafter was not a coincidence.
Individual investors have concluded that the stock market is rigged and that the SEC is in the pocket of the pros.
The SEC needs to prove that you are not asleep at the switch.
Thank you for trying to level the playing field.
Carpe Diem