SEC Halts Short Selling of Financial Stocks to Protect Investors and Markets

FOR IMMEDIATE RELEASE 2008-211 Commission Also Takes Steps to Increase Market Transparency and Liquidity Washington, D.C., Sept. 19, 2008 — The Securities and Exchange Commission, acting in concert with the U.K. Financial Services Authority, today took temporary emergency action to prohibit short selling in financial companies to protect the integrity and quality of the securities market and strengthen investor confidence. The U.K. FSA took similar action yesterday. Additional Materials Link to companies* Emergency Order, Release No. 34-58592.pdf * Emergency Order, Release No. 34-58591.pdf * Emergency Order, Release No. 34-58588.pdf * Form SH * Form SH Instructions The Commission’s action will...

Read More...

[Source: Latest Articles - Posted by FreeAutoBlogger]

No comments: