The up-tick rule has been reinstated. Stock may only be shorted on an up-tick.
When there is proof that someone has violated the securities laws, the
sanctions may include financial penalties, orders to surrender profits,
cease and desist orders, or an injunction by a court to prevent further
violations. The SEC may also bar individuals from working for a securities
firm, investment adviser, or investment company. We can also ask a federal
court to bar individuals from being officers and directors of publicly held
companies. In some situations, we may refer a case to the Department of
Justice for possible criminal prosecution.
Keep it up NITE. We love it.
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