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SEC approves short selling restrictions
25 February 2010
The US Securities and Exchange Commission has adopted a new rule to place certain restrictions on short selling
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[SEC]
[short selling]
[restrictions ]
The Securities and Exchange Commission (SEC) has adopted a new rule to place certain restrictions on short selling when a stock is experiencing significant downward price pressure. The measure is intended to promote market stability and preserve investor confidence.
This alternative uptick rule is designed to restrict short selling from further driving down the price of a stock that has dropped more than 10 percent in one day. It will enable...
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