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Uptick
The uptick rule is a trading restriction that states that short selling a stock is allowed only on an uptick. For the rule to be satisfied, the short must be either at a price above the last traded price of the security, or at the last traded price when the most recent movement between traded prices was upward (i.e. the security has traded below the last-traded price more recently than above that price). The U.S. Securities and Exchange Commission (SEC) defined the rule, and summarized it:"''Rule 10a-1(a)(1)'' provided that, subject to certain exceptions, a listed security may be sold short (A) at a price above the price at which the immediately preceding sale was effected (plus tick), or (B) at the last sale price if it is higher than the last different price (zero-plus tick). Short sales were not permitted on minus ticks or zero-minus ticks, subject to narrow exceptions." The rule went into effect in 1938 and was removed when ''Rule 201 Regulation SHO'' became effective in 2007. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Short Selling
In finance, being short in an asset means investing in such a way that the investor will profit if the value of the asset falls. This is the opposite of a more conventional "long" position, where the investor will profit if the value of the asset rises. There are a number of ways of achieving a short position. The most fundamental method is "physical" selling short or short-selling, which involves borrowing assets (often securities such as shares or bonds) and selling them. The investor will later purchase the same number of the same type of securities in order to return them to the lender. If the price has fallen in the meantime, the investor will have made a profit equal to the difference. Conversely, if the price has risen then the investor will bear a loss. The short seller must usually pay a fee to borrow the securities (charged at a particular rate over time, similar to an interest payment), and reimburse the lender for any cash returns such as dividends that were due ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New England Complex Systems Institute
The New England Complex Systems Institute (NECSI) is an independent American research institution and think tank dedicated to advancing analytics and its application to the challenges of society, and the interaction of complex systems with the environment. NECSI offers educational programs, conducts research, and hosts the International Conference on Complex Systems. It was founded in 1996 and is located in Cambridge, Massachusetts. Overview NECSI was established in 1996 by faculty of various New England academic institutions, including MIT, Harvard, Brandeis, and others, to encourage communication and collaboration among researchers studying complex systems. The NECSI web site describes "complex systems" as follows: Complex systems have multiple interacting components whose collective behavior cannot be simply inferred from the behavior of components. The recognition that understanding the parts cannot explain collective behavior has led to various new concepts and methodologi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gary Ackerman
Gary Leonard Ackerman (born November 19, 1942) is an American retired politician and former U.S. Representative from New York, serving from 1983 to 2013. He is a member of the Democratic Party. On March 15, 2012, Ackerman announced that he would retire at the end of the 112th Congress on January 3, 2013 after fifteen terms, and would not seek re-election in November 2012. Early life, education, and early career Ackerman was born in Brooklyn, the son of Eva (née Barnett) and Max Ackerman. His grandparents were Jewish immigrants from Russia and Poland. He was raised in Flushing, Queens. He attended local public schools, Brooklyn Technical High School and graduated from Queens College in 1965. After college, Ackerman became a New York City School teacher where he taught social studies, mathematics, and journalism to junior high school students in Queens. Following the birth of his first child in 1969, Ackerman petitioned the New York City Board of Education for an unpaid leave of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph P
Joseph is a common male given name, derived from the Hebrew Yosef (יוֹסֵף). "Joseph" is used, along with "Josef", mostly in English, French and partially German languages. This spelling is also found as a variant in the languages of the modern-day Nordic countries. In Portuguese and Spanish, the name is "José". In Arabic, including in the Quran, the name is spelled '' Yūsuf''. In Persian, the name is "Yousef". The name has enjoyed significant popularity in its many forms in numerous countries, and ''Joseph'' was one of the two names, along with ''Robert'', to have remained in the top 10 boys' names list in the US from 1925 to 1972. It is especially common in contemporary Israel, as either "Yossi" or "Yossef", and in Italy, where the name "Giuseppe" was the most common male name in the 20th century. In the first century CE, Joseph was the second most popular male name for Palestine Jews. In the Book of Genesis Joseph is Jacob's eleventh son and Rachel's first son, and k ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wachtell, Lipton, Rosen & Katz
Wachtell, Lipton, Rosen & Katz is an American law firm in New York City. The firm is known for corporate law, regularly handling large and complex transactions. On both a profit per lawyer, and profit per equity partner basis, it is the most profitable law firm in the world. Timeline *1965 — The firm is founded in New York City. *1970s — Name partner Leonard Rosen participates in securing financing to rescue New York during the 1970s fiscal crisis. *1980 — As part of its growing banking practice, the firm serves 15 lending institutions that loaned money to save Chrysler. *1981 — The firm acts as legal adviser to Curtiss-Wright in Curtiss-Wright Corporation v. Kennecott Corporation. *1982 — Name partner Martin Lipton creates the poison pill defense against tender-based hostile takeovers. *1989 — Name partner George Katz passes away at 57. *2000s — The firm represents the leaseholder of the World Trade Center in trials with its property insurers to secure the fun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mary Schapiro
Mary Lovelace Schapiro (born June 19, 1955) served as the 29th Chair of the U.S. Securities and Exchange Commission (SEC). She was appointed by President Barack Obama, unanimously confirmed by the U.S. Senate, and assumed the Chairship on January 27, 2009. She is the first woman to be the permanent Chair of the SEC.Obama taps veteran regulator to head under-fire SEC , , December 18, 2008, accessed February 6, 2009. In 2009, '''' ranked her the 56th most powerful woman in the world. Schapiro served in v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barney Frank
Barnett Frank (born March 31, 1940) is a former American politician. He served as a member of the U.S. House of Representatives from Massachusetts from 1981 to 2013. A Democrat, Frank served as chairman of the House Financial Services Committee from 2007 to 2011 and was a leading co-sponsor of the 2010 Dodd–Frank Act. Frank, a resident of Newton, Massachusetts, was considered the most prominent gay politician in the United States during his time in Congress. Born and raised in Bayonne, New Jersey, Frank graduated from Bayonne High School, Harvard College and Harvard Law School. He worked as a political aide before winning election to the Massachusetts House of Representatives in 1972. He was elected to the U.S. House of Representatives in 1980 with 52 percent of the vote. He was re-elected every term thereafter by wide margins. In 1987, he publicly came out as gay, becoming the first member of Congress to do so voluntarily. From 2003 until his retirement, Frank was the leading ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Financial Services Committee
The United States House Committee on Financial Services, also referred to as the House Banking Committee and previously known as the Committee on Banking and Currency, is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries. The Financial Services Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchange Commission and other financial services regulators. The House Committee on Financial Services is considered to be one of the House's most powerful committees. It is currently chaired by Democrat Maxine Waters from California. Waters was elected as chair of the committee, and assumed office on January 3, 2019. The Ranking Member is Republican Patrick McHenry from North Carolina, he has served as the Ranking Member since January 3, 2019. Jurisdiction Under the rules of the 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ben Bernanke
Ben Shalom Bernanke ( ; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Fed, he was appointed a distinguished fellow at the Brookings Institution. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis, for which he was named the 2009 ''Time'' Person of the Year. Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the department of economics there from 1996 to September 2002, when he went on public service leave. Bernanke was awarded the 2022 Nobel Memorial Prize in Economic Sciences, jointly with Douglas Diamond and Philip H. Dybvig, "for research on banks and financial crises", more specifically for his analysis of the Great Depression. From August 5, 2002, until June 21, 2005, he was a member of the Board of Governors of the Federal Reserve System, proposed the Bern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chairman Of The Federal Reserve
The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Federal Reserve Board of Governors, Board of Governors of the Federal Reserve System. The chair shall preside at the meetings of the Board. The chair serves a four-year term after being nominated by the President of the United States and confirmed by the United States Senate; the officeholder serves concurrently as member of the Board of Governors. The chair may serve multiple terms, pending a new nomination and confirmation at the end of each term, with William McChesney Martin as the longest serving chair from 1951 to 1970 and Alan Greenspan as a close second. The chairs cannot be dismissed by the president before the end of their term. The current chair is Jerome Powell, who was sworn in on February 5, 2018. He was nominated to the position by President Donald Trump on November 2, 2017, and later confirmed by the Senate. He was subse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yaneer Bar-Yam
Yaneer Bar-Yam (born 1959) is an American scientist and activist specializing in complex systems. An expert in the quantitative analysis of pandemics, he advised policy makers on the Western African Ebola virus epidemic and founded EndCoronavirus.org, a global network of over 4,000 volunteers formed in February 2020 to provide information, guidelines, and policy advocacy to fight the COVID-19 pandemic. He is the founding president of the New England Complex Systems Institute (NECSI), an independent research institution that studies complex systems science and its real-world applications. Biography Yaneer Bar-Yam was born in Boston, Massachusetts, in 1959 to Israeli parents. His father, Zvi Bar-Yam, is a high-energy particle physicist, and his mother, Miriam Bar-Yam, is a developmental psychologist. He received his BS degree in 1978 and his Ph.D. degree in 1984, both in physics from the Massachusetts Institute of Technology. He was a Bantrell Postdoctoral Fellow, and a joint post ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Pozen
Robert Charles Pozen known as "Bob" (born 1946) is an American financial executive with a strong interest in public policy. Pozen currently teaches executives about how to be more productive and serves as an executive coach and mentor, www.bobpozen.co He is the former chairman of MFS Investment Management, the oldest mutual fund company in the United States. Previously, Pozen was the President of Fidelity Investments. As of 2020 he is a senior lecturer at MIT Sloan School of Management, and a senior fellow at the Brookings Institution. Education and family Pozen grew up in Bridgeport, Connecticut, where he attended public high school and won a scholarship to attend Harvard College. In 1968, he graduated summa cum laude and Phi Beta Kappa from Harvard, which awarded him a Knox Traveling Fellowship. In 1972, Pozen received a J.D. degree from Yale Law School, where he served on the editorial board of the '' Yale Law Journal''. He received a JSD from Yale in 1973 for his doctoral t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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