• SEC Adopts Alternative Uptick Circuit-Breaker for Short Sales and Reiterates Commitment to IFRS Roadmap
  • March 11, 2010
  • Law Firm: Alston & Bird LLP - Atlanta Office
  • In an open meeting on February 24, 2010, the Securities and Exchange Commission (SEC) voted three to two to adopt new rules regulating short selling. The new rules will significantly alter current short-selling practices. In addition, the SEC voted unanimously to reiterate its continuing support for the convergence of U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).