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Muriel Siebert Passionate About Short Selling Rules

Jul 16, 2008 @ 05:59 PM By Kerry Massaro,

When the news about the SEC’s emergency order to stop “naked short selling” started leaking out yesterday, I was on the phone with Muriel (Mickie) Siebert discussing the Short Sale Uptick Rule that was lifted one year ago. I definitely had the right person on the phone at the right time. Siebert, renowned for being the first woman to own a seat on the New York Stock Exchange and also for founding the discount brokerage Siebert Financial Corp., was against the removal of the Uptick Rule last year. She believed then that it stripped companies of protection against short sellers and still believes it should be put back in place. [The Uptick Rule said you could not short a stock until there was an uptick in its price, preventing a free-for-all downward spiral of the stock.]

TradingScreen Releases MiFID In a Box

Jul 25, 2007 @ 12:19 PM By Cristina McEachern,

With the MiFID deadline approaching this fall and firms in the midst of preparations, TradingScreen has released its MiFID In a Box offering to help buy side firms meet the upcoming European regulatory guidelines.

New Study Finds Buy Side Wants Guidance Around Soft Dollars

Jun 5, 2007 @ 04:39 PM By Cristina McEachern,

According to a new research study from Greenwich Associates, the majority of investment managers and pension plan sponsors surveyed are in a favor of a more comprehensive regulatory framework around the disclosure of client commissions paid for equity research.

NEW DATES FOR REG NMS COMPLIANCE

Jan 26, 2007 @ 10:55 AM By Kerry Massaro,

The SEC has postponed the Trading Phase date of Regulation NMS, as well as two other deadlines for the Order Protection and Access Rules.

NASD/NYSE Regulatory Consolidation Approved

Jan 22, 2007 @ 04:30 PM By Kerry Massaro,

As expected the NASD members approved the regulatory consolidation of the NASD and NYSE. The vote took place on Friday. I'm sure the industry across the board is celebrating the decision as this move is expected to reduce the regulatory and financial burden of all member firms.

R.G. Niederhoffer Capital Management (New York)
Roy Niederhoffer
President and Founder

You have to rotate your models more rapidly today than you used to. Models that used to work have stopped working with greater rapidity lately. I think that this probably represents the entrance of a large number of players into the hedge fund space in ... More >>