SEC may Reinstate Uptick Rule

[sprstpd]

So can an individual comment on this crap for brains proposal? I can't seem to find anywhere on the SEC website where I can tell them how stupid they are.

 

[Susannah]

Quote from flytiger:

You can argue all you want, if you want. but regulation is coming. The lawmakers are already convinced. The more the SEC squirms and denies, the more onerous the legislation.

All you have to do is wave a picture of Madoff. You can pass any law you want.

I wasn't arguing. I'm just trying to figure out what it means exactly in terms of the market.

 

[flytiger]

Quote from Susannah:

I wasn't arguing. I'm just trying to figure out what it means exactly in terms of the market.

what it means is, the hedgies will come in and argue this point or that,but the lawmakers will have to cow tow to the public.

The uptick rule will be more onerous. The MM's may lose their exemptions. It will become very difficult for the MM's and Hedgies to make money. Individuals will have the best shot. But look for the worst of times industry - wise.

The "argue" comment was a figure of speech.

Washington controls Wall St.

 

[Specterx]

What's the point of this rule?

Seems to me that all it will do is create gimmicky arb opportunities.

I also couldn't find anything on the SEC website, so I guess it hasn't yet been "officially" proposed. Not that commenting on the rule will make any difference...