NEWS
US SEC Told Not to Revive Uptick Short-sale Rule
By Rachelle Younglai, Reuters, May 5, 2009
Financial professionals, academic experts and the U.S. broker-dealer watchdog agree the Securities and Exchange Commission should not reinstate its old uptick rule to regulate short selling but disagreed on what other measures would be effective.
At a day-long meeting on Tuesday, the SEC examined a handful of proposals to restrict short selling after a year in which U.S. markets lost trillions of dollars amid the economic crisis.
