May 13, 2009
I strongly support any effective effort to prevent naked short-selling. Hedge funds and others have used this technique to circumvent existing rules and played a significant role in destroying bank stock, harming banks, wrecking the stock market as a whole, and destroying personal wealth and retirement plans.
Please also address the reinstatement of the uptick rule, which I think should go hand-in-hand with stopping naked short-selling.
These are common sense measures which have been generally endorsed by Scott Burns, Steve Forbes, Jim Cramer, and my personal financial advisor.
Thank you for your consideration.