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The Uptick rule to be reinstated?

March 12, 2009 – 5:05 pm – No Comment

The head of the SEC, Mary Schapiro, said that next week the SEC will propose a reinstatement of the “uptick” rule.
The uptick rule was eliminated by the SEC in 2007. It required short sellers to sell their shares at a price above a stock’s most …

SEC Chairman Resigns

January 20, 2009 – 11:42 pm – No Comment

Christopher Cox, chairman of the Securities and Exchange Commission, resigned today and left his post as one of the five members of the SEC.
The resignation was expected. President Obama nominated Mary Schapiro to lead the SEC and is waiting for her to be confirmed by …