House Bill Would Require SEC to Reinstate the Uptick Rule

Acting on a growing congressional sentiment for the SEC to reinstate the uptick rule, which was rescinded in 2007, Rep. Gary Ackerman has introduced a bill, HR 302, in the 111th Congress that would order the SEC to reinstate the uptick rule within 90 days.The uptick rule, Rule 10a-1, required all short sale stock transactions to be conducted at a price that was higher than the price of the...