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SEC May Bring Back Price Tests

Traders Magazine, September 2008

Peter Chapman

Five years ago, when the Securities and Exchange Commission was crafting Regulation SHO and pondering the fate of the industry's price-test rules, it initially decided to replace the rules with a uniform bid test. Traders who wanted to sell short would be able to do so only if the sale price was at least 1 cent above the consolidated best bid.

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