On April 10, 2009, the US Securities and Exchange Commission (SEC) issued five alternative proposed amendments to Regulation SHO, which, according to the SEC, are aimed at curbing short sales under certain circumstances and increasing overall investor confidence (the “Proposing Release”). The Proposing Release comes at a time when the SEC is under intense pressure from members of the US Congress, many of whom have taken an increased interest in short selling in light of the ongoing market crises.