SEC Extends Compliance Date for Regulation SHO Alternative Uptick Rule

The SEC extended from November 10, 2010 to February 28, 2011 the compliance date for its February 2010 amendments to Regulation SHO that impose an alternative uptick rule on short selling in a security covered by its short sale rules once trading in the security trips a “circuit breaker” (as discussed in the March 2, 2010 Alert).