Exchanges seek SEC curbs on short-selling

Four US stock exchanges on Tuesday launched a joint call for regulators to take action against "abusive" short selling of stocks through a so-called modified uptick rule.

The call, in a letter to Securities and Exchange Commission chairman Mary Schapiro, comes six months after regulators imposed a temporary ban on shorting financial stocks to curb what was seen as excessive volatility.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire