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Uptick Hurdles, Part I: Recrimination

05/26/09 - 08:02 AM EDT

Officials afraid of being held accountable for abandoning the uptick rule should not stop its reinstatement.

The rule may prevent short-sellers from grabbing golden eggs, but it protects the goose.

Without the rule, basket trades and leveraged ETFs can exert unfair influence on the market.

The rule provides a counterbalance to some of the market's structural biases.

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