NEWS

“Cautious Optimism over SEC Move to Stem Short Selling”

By Anuj Bangahar.  >Financial Times.  April 11, 2009. – “The Securities and Exchange Commission’s latest proposals for curbing short selling have been met with cautious optimism in spite of concerns about whether reintroducing a form of the so-called ‘uptick rule’ would have anything more than a psychological impact on markets.

“The SEC said this week that it was putting five slightly different proposals for dealing with potentially abusive short selling practices out for public comment for 60 days. The previous incarnation of the rule, which was scrapped in July 2007, prevented stocks being shorted unless the last tick in their price was up.”