SEC Approves New Rule on Short SalesFebruary 24, 2010 @ 1:01 PM EST
SEC Approves New Rules on Short Selling
As was widely expected, the SEC approved new restrictions on short-selling.
The new rules require that trades be executed above the national best existing bid in the market when a stock falls -10% or more in a single session. The rule states that the new restrictions will continue for the following trading session.
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