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The Uptick Rule and Short selling abuses in the U.S.

07/28/2008

The suspension of the Uptick Rule and the S.E.C.'s dire lack of enforcement all seem to suggest that the regulatory mission of the S.E.C. has been influenced by those who are being regulated. Conservatives running the government and regulatory agencies mistakenly assumed that lower regulation was somehow part of the new system of free enterprise that was delivering results. As long as the economy did well they saw no reason to question this, and in fact let regulation wither to the extreme provoking the crisis by letting excesses develop and accumulate. The abuses of excessive leverage under a Fuld at Lehman and of mortage sales under a Mozilo at Countrywide were barely understood by Cox and company at the SEC till they undermined the very foundations of free enterprise.

Grouped Articles

SEC Tries to Rebuild Its Reputation

Wall Street Journal 09.12.2013

Agency Subpoenas Focus on 4 Rumors That Hit Lehman

Wall Street Journal 07.28.2008

Fed Acted on Lehman Rumor

Wall Street Journal 08.21.2008

NYSE Chief Leans Toward Uptick Rule

Wall Street Journal 10.02.2008

U.K. Will Continue Ban on Short Selling

Wall Street Journal 10.23.2008

Citigroup Tries to Stop the Drop in Its Share Price

New York Times 11.21.2008

Shares Falling, Citigroup Talks to Government

New York Times 11.22.2008

Anatomy of the Morgan Stanley Panic

Wall Street Journal 11.24.2008

S.E.C. Chief Pursues Tougher Enforcement

New York Times 02.23.2009

Australia Bans Shorts, Again

Wall Street Journal 03.06.2009

Citigroup Hits 'Penny Stock' Realm

Wall Street Journal 03.06.2009

Congressmen Push to Restore Rule Limiting Bearish Bets

Wall Street Journal 03.17.2009

Naked Short Sales Provoke Complaints but No Cases

Wall Street Journal 03.19.2009

Citi's Rally Undermines Hedge Funds' Trading Tack

Wall Street Journal 03.18.2009

Congested Citi Jams the Short Sellers

Wall Street Journal 03.19.2009

Some Revile Plan to Limit Short-Selling

New York Times 04.06.2009

S.E.C. May Reinstate Rules for Short-Selling Stocks

New York Times 07.03.2009

Foes Take on 'Uptick' Rule

Wall Street Journal 09.30.2009

SEC-Citi Pact Rejected by Judge Rakoff

Wall Street Journal 11.28.2011

Citi Ruling Could Chill SEC, Street Legal Pacts

Wall Street Journal 11.29.2011

SEC Feels the Citi Heat

Wall Street Journal 11.29.2011

Judge Blocks S.E.C. Settlement With Citigroup

New York Times 11.28.2011

The S.E.C.'s Enabling

New York Times 11.28.2011

SEC Ex-Chief Lands at Consultant

Wall Street Journal 04.02.2013


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