Opposition to uptick rule might deter resurrection

While the Securities and Exchange Commission proposed resurrecting the uptick rule, traders, mutual funds and other market participants, including companies that blame short selling for their depressed share prices, expressed opposition to the move. "We know that the practice of short selling evokes strong opinions from both its supporters and detractors," SEC Chairwoman Mary Schapiro said. "I've made it a priority to evaluate the issue of short-selling regulation and ensure that any further policies in this area are the results of a deliberate and thoughtful process."

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