Adoption of Alternative Uptick Rule On February 2

Adoption of Alternative Uptick Rule[edit]

On February 24, 2010 the SEC adopted the alternative uptick rule.[4] The new rule does not apply to all securities. It is triggered when a security's price decreases by 10% or more from the previous day's closing price and is effective until the close of the next day.[28] The adopted rule is deemed to be a palliative to the short-selling industry and is considered by many[who?] to be ineffective.