InvestorsHub Logo
Followers 3
Posts 407
Boards Moderated 0
Alias Born 12/13/2016

Re: cvinvestor post# 76789

Sunday, 04/26/2020 5:01:34 PM

Sunday, April 26, 2020 5:01:34 PM

Post# of 97081
The OTC market did not have these shorting problem until they removed the Up-Tick Rule in 2007

After that it has been an occasional blood-bath...

The uptick rule was a rule from the Securities and Exchange Commission that prevented short sellers from putting more pressure on a security that was already languishing.

The uptick rule is a trading restriction that states that short selling a stock is only allowed on an uptick. Short sales were not permitted on minus ticks or zero-minus ticks, subject to narrow exceptions." The rule went into effect in 1938 and was removed when Rule 201 Regulation SHO became effective in 2007.