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Uptick rule |
TheStreet.com
May 8
Comment
As time and price marches on the third anniversary of the Flash Crash went by, ah, in a flash! Supposedly nobody who is empowered to have done the forensic accounting of that fiasco is remotely aware of what caused that infamous stock market...
Reuters
Jan 23
Comment
The head of Man Group, the world's biggest listed hedge fund manager, is backing the reintroduction of the so-called 'uptick rule' to reduce the risk of a market crash prompted by lightning-fast computer traders.
Wall Street Journal
Sep 21
Comment
Financial firms are wishing they had more time to prepare their trading systems for a new restriction on short selling that will hit the market in seven weeks.
TheStreet.com
May 11
Comment
NEW YORK (TheStreet) -- Teddy Weisberg of Seaport Securities says the flash crash could have been avoided if the short sale uptick rule had never been stopped.
Bloomberg
May 5
Comment
James “Jimmy” Cayne, the former
chief executive officer of Bear Stearns Cos., said he suspects
something “untoward” happened that led to the company’s
collapse in March 2008.
Skeptical CPA
Mar 14
Comment
"What was new about Wednesday's vote to approve new limits on short-selling was that not even Ms. Schapiro claimed there was any evidence that short-selling is harming investors--or that her new rule will help investors. ... In fact, short-sellers...
MarketWatch
Mar 3
Comment
Last week, the Securities and Exchange Commission adopted a new rule 'designed to preserve investor confidence and promote market efficiency.' Sadly, the rule does neither. Mostly it serves to make politicians and regulators feel like they are...
TheStreet.com
Feb 25
Comment
NEW YORK (TheStreet) - - David Henderson of DRU Stock says the SEC should have brought back the original uptick rule and this version is a waste.
Hedge Fund Blogs From HedgeCo.Net
Feb 25
Comment
NYT Blogs - It seems that the Securities and Exchange Commission can’t please anybody when it comes to their efforts to put limits on short-selling.
The commission voted Wednesday to limit short-selling of stocks that are falling rapidly in...
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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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