A couple of articles on new rules against manipulative shorting that are in the works. The second article shows that the SEC, mulling over a reinstatement of some form of the uptick rule, still doesn’t quite get it..
March 26th, 2009 · Comments Off on New rules against abusive shorting in the make
Tags: Short Selling
August 19th, 2008 · Comments Off on More pressure on naked shorting
After the temporary emergency rules for 19 financials proved to be a success, the SEC will propose a marketwide solution to combat naked shorting, or more especially, failures to deliver in the next couple of weeks.
August 2nd, 2008 · Comments Off on There is real momentum against naked shorting
The Senior Vice President of Citi/Smith Barney pleading in a letter to extent the emergency rules currently in place for 19 financials against naked shorting (forcing shorters to borrow the shares first) and a plea to re-install the uptick rule (shorts could only be placed on upticks previously, a rule that was eliminated a year […]