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SEC May Reinstate Uptick Rule

Traders Magazine Online News, October 7, 2008

Nina Mehta

Erik Sirri, director of the Securities and Exchange Commission's Division of Trading and Markets, said yesterday the SEC is considering bringing back the uptick rule for short sales along with other options designed to place some constraints around short-selling.

"We've [had] a lot of calls to bring it back," he said. "It's something we have talked about and it may be something that we in fact do." Sirri spoke yesterday morning at an Investment Company Institute…

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