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)
“A mental disease has swept the planet: banalization.... Presented with the alternative of love or a garbage disposal unit, young people of all countries have chosen the garbage disposal unit.”
—Ivan Chtcheglov (b. 1934)
“The rule is, jam tomorrow and jam yesterdaybut never jam today.”
—Lewis Carroll [Charles Lutwidge Dodgson] (18321898)