May 27, 2009
I submit a request for the heads of the SEC to do their job and protect the investor. The hard working, "John Q Public" who have put our savings into good companies just to see that investment smashed undeservedly by unscrupulous professional investors. These investors are not investing for the long term but at this point have too much power to drive down security prices for individual profit. Short term, large profits at the expense of us...the public, individual investor, 401K contributor, mom and pop's. We still believe America and our free market economy works...but must be protected from greed. Please reinstate the uptick rule to protect the public and mine and my children's financial future.
Kerry Novak, MD