User 266660

5 Failures of SEC Chairman Cox

Regarding the short-selling the SEC changed an age-old rule that has been in place since the 1930's after the first crash. No, short selling unless there is an up-tick in the market. Meaning you can't short sell on the way down. Thus, keeping anyone from manipulating a stock into a free fall. That was done away with less than 1 year ago. And, now we have this. That rule change should be highly scrutinized.