TITLE

Could South Dakota Bring An End to Short Selling?

AUTHOR(S)
Hintze, John
PUB. DATE
August 2008
SOURCE
Securities Industry News;8/11/2008, Vol. 20 Issue 29, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a South Dakota initiative on the general ballot election that can possibly ban short selling of securities across the U.S. Short selling is defined as the sale of a security by an individual who does not own such security intending to buy the same at a lower price, thus profiting from the difference. The initiative covers South Dakota-registered brokerages which means that as long as a firm is registered in the said state it cannot enter into any short sale transaction with any investor.
ACCESSION #
34001580

 

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