Regulators and experts support limit up-limit down rule

09/25/2011 | Traders Magazine

Regulators, exchange executives and other market participants at SIFMA's 12th Annual Market Structure Conference said they support the limit up-limit down rule proposed by the Securities and Exchange Commission. Ira Hammerman, SIFMA's senior managing director and general counsel, stressed that the new rules must be balanced. Some financial industry insiders remain opposed to the proposed rule.

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