{"id":629,"date":"2020-01-13T14:28:05","date_gmt":"2020-01-13T19:28:05","guid":{"rendered":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/?page_id=629"},"modified":"2020-01-14T14:31:21","modified_gmt":"2020-01-14T19:31:21","slug":"an-unacceptable-practice","status":"publish","type":"page","link":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/home\/22-months\/financial-system-reform\/abusive-short-selling\/an-unacceptable-practice\/","title":{"rendered":"An Unacceptable Practice"},"content":{"rendered":"\n<p><em>[UD_EXHIBITION_ITEM]<\/em><\/p>\n\n\n\n<p>By October 2009, the Senate had not yet acted on S.605, legislation that would require the SEC to reinstate the uptick rule and regulate abusive short selling practices. In a &#8220;Dear Colleague&#8221; letter urging other Senators to cosponsor the legislation, Kaufman noted that the SEC\u2019s inability to stop manipulative short selling was \u201cunacceptable.\u201d S.605 was never signed into law. Almost a year after Senator Kaufman originally urged the SEC to adopt an uptick rule, the SEC put in place a \u201ccircuit breaker uptick rule,\u201d which would take effect if a company\u2019s shares fell 10 percent in one day. &nbsp;Kaufman and Senator Isakson issued a joint statement, and though they were \u201cencouraged\u201d by the rule, they believed the SEC could have done more to protect investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[UD_EXHIBITION_ITEM] By October 2009, the Senate had not yet acted on S.605, legislation that would require the SEC to reinstate the uptick rule and regulate abusive short selling practices. In a &#8220;Dear Colleague&#8221; letter urging other Senators to cosponsor the legislation, Kaufman noted that the SEC\u2019s inability to stop manipulative short selling was \u201cunacceptable.\u201d S.605 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":621,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"page-exhibition.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-629","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/pages\/629"}],"collection":[{"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/comments?post=629"}],"version-history":[{"count":5,"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/pages\/629\/revisions"}],"predecessor-version":[{"id":908,"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/pages\/629\/revisions\/908"}],"up":[{"embeddable":true,"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/pages\/621"}],"wp:attachment":[{"href":"https:\/\/exhibitions.lib.udel.edu\/kaufman\/wp-json\/wp\/v2\/media?parent=629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}