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MarketWatch
Sep 30
Comment
More than a year after short-sellers allegedly sucked the broader market lower by concentrating negative bets in troubled financial firms, the nation's securities regulators appear to be backing off curbing the practice.
Wall Street Journal
Sep 29
Comment
Big Wall Street firms are lining up against new rules to restrict short-selling under consideration by the SEC.
Wall Street Journal
Sep 28
Comment
Big Wall Street firms are lining up against new rules to restrict short-selling under consideration by the SEC.
EE Times
Sep 21
Comment
The IC market is recovering. But will there be a sustained uptick or another dip, especially in the fourth quarter of 2009? At present, there are mixed signals in the market.
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Uptick rule - Business - Investing -...
New York Times
Aug 17
Comment
The Securities and Exchange Commission said Monday it was reopening the comment period on a proposed "uptick rule," as it considers a new approach to bringing back the controversial restriction.
Bloomberg
Aug 6
Comment
The U.S. Securities and Exchange
Commission may seek more feedback on whether to limit short-
selling, people familiar with the matter said, prolonging a
debate between hedge funds and banks whose shares slid during
the financial crisis.
Stock Market Analysis, Trading, And Financial Commentary - Rebel Traders
Jul 28
Comment
In a little-discussed ruling, the SEC (Securities and Exchange Commission) decided to make permanent an emergency ruling to curtail short-selling.
The rule made permanent yesterday, rule 204T prohibits "naked" short selling and obliges brokers to...
Forbes
Jul 27
Comment
Regulator makes permanent an emergency rule that requires brokers to promptly buy or borrow security to deliver.
Forbes
Jun 22
Comment
The industry supports bringing back the uptick rule but not with its old rigidities.
Bull Bear Trader
Jun 10
Comment
According to a recent Wall Street Journal article, the SEC is being deluged with letters supporting the return of the uptick rule. Pressure for the rule has been building since the market melt-down last fall, generating additional interest this...
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TOP CONTRIBUTORS
The uptick rule was a rule imposed by the Securities and Exchange Commission (SEC) that prevented short sellers to short a stock at a price lower than the last trading price. It was adopted in 1938 and eliminated on July 7, 2007.[1]
The rule stated that every short sale must take place at an "uptick" -- i.e. the price at which the short seller sells the stock must either be above the immediate trading price, or at the last trading price if it were higher than the second last price. This rule made it mechanically impossible for short sellers to drive down stock price by putting in sale orders at progressively lower price.
References
- ↑ 17 CFR PARTS 240 and 242 from the SEC)
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