SEC May Reinstate Rule Reining In Short-Selling

Law360, New York (March 10, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission may look into bringing back a rule from the Depression era that would place limits on certain short-selling practices.

The so-called uptick rule, which expired in July 2007 after being in place since 1938, would require a stock to go up in price before a short sale could be executed.

"The commission may conduct a public meeting as early as next month to consider whether to formally propose reinstatement of the uptick rule, or consider other measures related to short...
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