• SEC Adopts Short Sale Price Test Restriction
  • March 23, 2010 | Authors: Mark S. Bergman; Leah C. Fleck; David S. Huntington; Raphael M. Russo
  • Law Firm: Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office
  • The Securities and Exchange Commission recently published amendments to Regulation SHO that will implement a new short sale price test restriction. The amendments are aimed at preserving stability and efficiency in the market by limiting short selling in a security whose price has decreased by 10% or more in a single day.