iOS app Android app More

Barney Frank: Uptick Rule Could Be Back Within A Month

First Posted: 04/10/09 06:12 AM ET Updated: 05/25/11 02:05 PM ET

Frank

WASHINGTON, March 10 (Reuters) - The head of the U.S. House Financial Services Committee said on Tuesday the Securities and Exchange Commission would soon reimpose the so-called "uptick" rule, which forces short sellers to sell at a price higher than the previous trade.

"I've spoken to Chair (Mary) Schapiro of the SEC. I am hopeful the uptick rule will be restored within a month," Rep. Barney Frank told reporters.

Read the whole story: Reuters

FOLLOW HUFFPOST BUSINESS

Filed by Julie Satow  |