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SEC Studies Uptick Rule
At a roundtable discussion tomorrow (Tuesday), the U.S. Securities and Exchange Commission (SEC) will talk about restoring a rule that some believe could have mitigated the bear market in U.S stocks.
Tomorrow’s meeting, which will focus largely on short-selling, follows recent internal discussions in which SEC officials have talked about restoring the so-called “uptick rule,” a fairly straightforward securities regulation that many experts say could have blunted the steep stock-market sell-off that U.S. stocks experienced in late 2008 and early 2009. The uptick rule was abolished in 2007.
U.S. Federal Reserve Chairman Ben S. Bernanke is a proponent of the uptick rule’s restoration.
“If…
4May2009 | Money Morning | 0 comments | ContinuedMarket Rallies and Rhymes: Prepare Yourself Now
Mark Twain said, “History doesn’t repeat itself, but it does rhyme.”
Right now, investors and traders are getting ready for it to rhyme again.
Earlier this week, the government felt the stock market was getting a bit too low again. Our great leaders delved into their ever-shrinking bag of tricks and pulled two of them out. In the process, they sparked the strongest rally since last summer when they stepped in.
Barney Frank, the House Financial Services Committee Chairman, told reporters he has spoke to the Securities and Exchange Commissioner and said, “I am hopeful the uptick rule will be restored within…
13Mar2009 | Q1 Publishing | 0 comments | Continued
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