April 23, 2009
Please do not reinstate the uptick rule or place new restrictions on short selling. Short selling is healthy for the markets since it provides another set of buyers/sellers to allow for an efficient marketplace. The recent downturn wasn't caused by short sellers, but was a case of mismanaged companies.Of all the 5 proposals THE MODIFIED UPTICK RULE WILL BE A DISASTER IT WILL DESTROY LIQUIDITY.............