Adoption of Alternative Uptick Rule
On February 24, 2010 the SEC adopted the alternative uptake rule. The new rule does not apply to all securities. It is triggered when then a security's price decreases by 10% or more from the previous day's closing price and is effective until the close of the next day.
Read more about this topic: Uptick Rule
Famous quotes containing the words adoption, alternative and/or rule:
“Frankly, I adore your catchy slogan, “Adoption, not Abortion,” although no one has been able to figure out, even with expert counseling, how to use adoption as a method of birth control, or at what time of the month it is most effective.”
—Barbara Ehrenreich (b. 1941)
“If the alternative is to keep all just men in prison, or give up war and slavery, the State will not hesitate which to choose.”
—Henry David Thoreau (1817–1862)
“In Russia, whatever be the appearance of things, violence and arbitrary rule is at the bottom of them all. Tyranny rendered calm by the influence of terror is the only kind of happiness which this government is able to afford its people.”
—Marquis De Custine (1790–1857)