Short-Sale Rule Undetermined as Bernanke Backs Review

March 4, 2009

By Edgar Ortega, Bloomberg News

The revival of Securities and Exchange Commission rules aimed at curbing speculators who seek to drive down stocks may be hindered by a report from the agency’s own economists...

NYSE Euronext Chief Executive Officer Duncan Niederauer said late yesterday that he supports bringing back the uptick rule.

“When markets are psychologically damaged like they are right now, I actually think it would go a long way to adding confidence,” he said at the Museum of American Finance in New York. “We at least owe the investing community an answer. No more rhetoric, no more maybes, just what are we going to do.”

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