The trades in question, executed by two unidentified Tudor traders on Mr. Tudor Jones's orders on March 15 and 16, 1994, violated the ''uptick'' rule, part of the Securities Exchange Act of 1934. The rule prohibits the sale of a borrowed stock when the stock's price is declining.

The rule is intended to keep short-sellers — investors who borrow stocks and sell them, hoping to buy them back later at a lower price and pocket the difference — from pushing a falling stock even lower and thus enhancing their profits. ''The general purpose of the short sale rule is to prevent manipulative sales of a security for the purpose of accelerating a decline in the price of such security,'' the S.E.C. said in its court filing on the Tudor matter.

Based on Mr. Jones's belief in February 1994 that the Dow Jones industrial average would rise about 1 percent and then fall quickly, Tudor had accumulated 6,334,200 shares of 27 of the 30 Dow average stocks worth $350 million. The holdings gave Tudor a ''long'' position, or a bet that the market would rise.

шорты в нарушении правил, обвинения в манимуляции и соглашение на 800 млн штрафа

www.youtube.com/watch?v=FJzcCC49vlE

Плесну-ка я себе грамм триста
Да лбищем разобью экран...
Все прочь! Гуляют финансисты!
Швыряют нолики в фонтан!