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Posted: Feb 01 2009     By: Jim Sinclair      Post Edited: February 1, 2009 at 12:43 am

Filed under: General Editorial

Dear CIGAs,

Brother Selim, an outstanding member of the community, suggests you all send the following email to our newest SEC regulator.

Send the email to chairmanoffice@sec.gov

Dear Chairman Mary Schapiro,

One of the biggest errors in judgment of the last Administration was the withdrawal of the uptick rule. It has led to unnecessary ravages in the financial markets. Sound stocks have been damaged. Pension Funds, personal savings and much more have been decimated. The question is to whose gain? It is time to create rules to protect the average American and their savings.

Please reinstate the uptick rule before it is too late.

Thank You,

CIGA Selim