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Real Estate & Property Law

: Housing Wire

Senators Push for Rule Against Short Sales

By DIANA GOLOBAY

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Sen. Ted Kaufman, D-Del., in his first bill proposal since being sworn in to Congress in mid-January, submitted to the Securities and Exchange Commission on Monday a bipartisan legislation that aims to reinstate the so-called “uptick rule” that prohibited short sales from the Depression era until its repeal in mid-2007. ?Abusive short selling is tantamount [...]

Full post as published by Housing Wire on March 17, 2009 (boomark / email).

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