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SEC puts new curbs on short-selling

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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-24-10 02:14 PM
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SEC puts new curbs on short-selling

WASHINGTON (AP) -- Federal regulators on Wednesday imposed new curbs on the practice of short-selling, hoping to prevent spiraling sales sprees in a stock that can stoke market turmoil.

The Securities and Exchange Commission, divided along party lines, voted 3-2 at a public meeting to adopt new rules.

The rules put in a so-called circuit breaker for stock prices, restricting for the rest of a trading session and the next one any short-selling of a stock that has dropped 10 percent or more.

http://finance.yahoo.com/news/SEC-puts-new-curbs-on-apf-428020429.html?x=0&sec=topStories&pos=4&asset=&ccode=
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-24-10 02:29 PM
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1. And are they going to ENFORCE the rules?
That has been the big problem with the SEC...ignoring the rules.
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-24-10 02:53 PM
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2. That's a Good Start
It may need to be strengthened, but it is very good to see some new regulation coming out of this mess.
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-25-10 07:16 AM
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3. Is this like the naked short selling rule?
i.e. TOTALLY UNENFORCED?
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