Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, September 19, 2008

SEC Staff Recommends Modification to Short-Sales Prohibition

The Securities and Exchange Commission's Division of Trading and Markets today issued the following statement:

"The Commission staff is recommending to the Commission a modification to its order prohibiting short selling in securities of specified financial firms. This modification would extend, for the life of the order, the exemption for hedging activities by exchange and over-the-counter market makers in derivatives on the securities covered by the order."

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