Hi guys - what is everyone going to do if an uptick rule question comes up? As you can see from Wikipedia the Uptick Rule has been abolished as at 6th July 2007, but CFAI requires you know the old rule as part of LOSs. http://en.wikipedia.org/wiki/Uptick_rule I think you are expected to know current rules and regs, but this is a tricky call? Thoughts appreciated.
My guess is that there isn’t going to be a question on the uptick rule. This has been discussed on the forum before. In the very unlikely event they do ask a question, I’ll personally stick to the info on the LOS. But again, I think it’s close to impossible to get a question that presents a conflict between the LOS and what’s happened in the real world since the books were published. I wouldn’t sweat it too much.
OK - great - thanks for the advice. I take it the exams were written before the SEC chucked the rule too. Cheers