Hedge fund managers very much want to be involved in the debate over market reform, and they want to be viewed as part of the solution, not the problem. That the reinstatement of the uptick rule is one of the first proposals on the table, however, is not a good sign, especially on the back of how regulators around the globe moved to temporarily curb short-selling last year during the height of the banking crises (see “Caging the Shorts”).
