February 13, 2009
Madam Chairwoman,
I am, obviously, unsure as to whether or not anyone from the SEC watches Mad Money on CNBC weeknights at 6 and 11 p.m. Eastern time. Thus, I would like to inform you of the suggestions Jim Cramer has made on several occasions. First of all, Mr. Cramer suggests the reinstatement of the uptick rule. He suggests revoking the registration of each Exchange-traded fund that is double- or triple-long or -short as well. His last suggestion is enforcing the Naked Short-selling rule.
Firstly, I would like to suggest changing the uptick to a nickle, which goes along with Mr. Cramer's first suggestion, rather than a penny. Another suggestion I have is changing the earnings-reporting requirement of a company from every three months to every six months with the option of reporting earnings every three mocths. I would like to suggest that you require a company to file fully audited financial reports rather than unaudited financial reports as well.
Regards,