May 8, 2009
I strongly urge SEC to reinstate rules on short sale price tests which were eliminated two years ago. The absence of these rules contributes to arbitrary volitility that negativly effects the average investor who, through the mutual funds they own, are restricted as to when they can process a purchase or sale. It created a position where the average investor becomes prey to the agressive actions of the insiders in the market. The stock market has become the only vehicle for the US citizen to save for retirment and SEC must end the rules that victimize those investors for the benefit of the privileged few that are on the inside.