Short Tick Rule
The SEC has voted to remove the “short sale tick test”, Rule 17 CFR 240.10a-1 for all equity securities. Effective Friday, July 6, traders will be able to short all securities on an up, down, or zero tick.
The following resource links provide more information on Rule 17 CFR 240.10a-1 and the SEC’s proposal to remove the rule.
Speech by SEC Chairman: Opening Statement on Eliminating the Short Sale ‘Tick Test’
SEC Votes on Regulation SHO Amendments and Proposals; Also Votes to Eliminate “Tick” Test
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