Short Sales

Which of the following statements regarding regulations governing the short-sale process is FALSE? A) The short-sale process must be completed within a 90-day period. B) Short sales can only be made when the last change in the market price of the stock has been upward. C) The short seller must pay a margin equivalent to the prevailing margin requirement when the transaction is made. D) If dividends are paid on the stock during the short-sale transaction, the short seller must pay dividends to the investor that loaned the stock.

The answer is A. So, B is wrong because the uptick rule still exists?

No, it doesn’t exist chad, however when the curriculum was written, it was in existence. I have a feeling the uptick rule is going to make a comeback.