by Calculated Risk on 7/03/2009 09:40:00 AM
Friday, July 03, 2009
SEC may Reinstate Uptick Rule for Short Selling
From the NY Times: S.E.C. May Reinstate Rules for Short-Selling Stocks
The Securities and Exchange Commission appears poised to reverse itself and reinstate rules that would make shorting stocks ... somewhat more difficult.Some people will always blame the short sellers.
...the most likely outcome may be for the S.E.C. to reinstate ... the uptick rule ...
“I don’t mind what I see as minor inconveniences,” said Whitney Tilson, an author and managing partner of T2 Partners, “if it will get rid of the critics who like to blame short-sellers every time a stock goes down.”