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Oberg: SEC Can't Ignore Support for Uptick Rule

By Eric Oberg

 About this article:
 In 2007, when the SEC opened for comment the idea of eliminating the Uptick Rule, they received a grand total of 27 comments. Now two years later, the SEC is seeking comment on the idea of reinstating a version of the rule. Whether the removal of the Uptick Rule was causal or coincidental with the market's decline and spike in volatility, this time around people are making their voices heard. Checking the SEC's website for comments this weekend, it looked like more than 2,000 people had registered their opinions on this matter. Today, I am proud to announce, we will be delivering our comment letter to the commission, with 5,691 signatories -- which should bring the total public comments to nearly 8,000 voices. As those who joined us know, we feel that protecting market integrity and capital formation should be key aims of the SEC....

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