TITLE

Placing Blame On Naked Shorts, SEC Overlooks Reg SHO Issues

AUTHOR(S)
HINTZE, JOHN
PUB. DATE
September 2008
SOURCE
Securities Industry News;9/29/2008, Vol. 20 Issue 34, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the issue of short selling. The U.S. Securities and Exchange Commission (SEC), it says, has banned short selling and has issued emergency orders regarding illegal short sales. Regulation SHO, it adds, has not been enforced sufficiently that its loopholes allow for naked shorting. The SEC says that "unbridled short selling is contributing to the recent, sudden price declines in securities of financial institutions unrelatd to true price valuation."
ACCESSION #
34669100

 

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