Ami's schleifen endlich die Manipulationsmaschinen

The uptick rule, which only allowed a stock to be sold short when the last sale price was higher than the previous price, was repealed by the SEC in 2007 because the agency found that changes in trading strategies made it ineffective.

Frank added that mark-to-market accounting rule must be improved and made more flexible. A congressional panel is set to conduct a hearing on Thursday.

das nackte Shortsellen verbieten sollen, das ist noch wichtiger als das Nachstehende:



The uptick rule, which only allowed a stock to be sold short when the last sale price was higher than the previous price, was repealed by the SEC in 2007 because the agency found that changes in trading strategies made it ineffective.

Frank added that mark-to-market accounting rule must be improved and made more flexible. A congressional panel is set to conduct a hearing on Thursday.

angeworfen.

.S. Rep. Barney Frank, chairman of the House financial services committee, said he expects the uptick rule to be restored in about a month. The rule slows the pace of short selling and could help calm volatile markets.

"There's been significant short covering in the financials today as a result of comments from Citi's chairman lending a stronger tone to the financials overall," said Michael James, senior trader at regional investment bank Wedbush Morgan in Los Angeles.

"The uptick rule possibly going back into effect would also be a significant positive for the financials. It would make it harder to short stocks and you'll probably see further short-covering today."