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SEC head says ‘uptick rule’ may be reinstated
(AP)

March 12th, 2009 · No Comments

Securities and Exchange Commission (SEC) Chair Mary Schapiro, testifies on Capitol Hill in Washington, Wednesday, March 11, 2009, before the House Appropriations subcommittee hearing on the SEC and the financial crisis.  (AP Photo/Manuel Balce Ceneta)AP – Dramatic changes in the global economy may merit restoring a federal rule aimed at preventing a massive plunge in a stock price caused by a rush of short sellers, the head of the Securities and Exchange Commission said Wednesday.




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[Source: Yahoo! News: Business]

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