Shorters were supposed to be barred from shorting MULN today because of uptick rule They shorted 27M

The uptick rule states that if a stock loses 10% it can’t be shorted the next day MULN was down over 10% on Friday 5/19 so shorting was supposed to be banned Monday 5/22 Shorters shorted double the shares they shorted on Friday Why have rules? Why have regulatory agencies

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