Barney Frank: Uptick Rule Could Be Back Within A Month

04/10/2009 05:12 am ET | Updated May 25, 2011

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.

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