SEC Rule 201 restricts short selling activity if a stock declines at least 10% from the previous trading day’s close. Historical experience indicates that while the restriction is likely to apply to a relatively small percentage of all stocks on an average day, the restriction is likely to prove relevant in a large number of securities class actions.
PROMESA turns 10: Puerto Rico's new start, unclear future
By implementing standard accounting practices, safeguarding public pension benefits through an innovative trust, and dramatically cutting tens of billions in...