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GAAP.RUNewsSEC Adopts Rule to Restrict Short-Selling

SEC Adopts Rule to Restrict Short-Selling

Publication date: 3 March 2010

The Securities and Exchange Commission voted last week to adopt a new rule to place certain restrictions on short-selling when a stock is experiencing downward price pressure. The measure is intended to promote market stability and preserve investor confidence, but commissioners were divided in their voting.

The Securities and Exchange Commission (SEC) voted last week to adopt a new rule to place certain restrictions on short-selling when a stock is experiencing downward price pressure: the measure is intended to promote market stability and preserve investor confidence, but commissioners were divided in their voting; SEC Chairperson Mary Schapiro commented on that.