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Market Alert: SEC bans short selling in 799 stocks

Posted Sep 19th 2008 8:07AM by Douglas McIntyre

Forget the ban on naked shorting. The SEC has just totally banned short-selling in 799 financial shares.

According to MarketWatch, "The ban takes effect immediately and runs until midnight on Oct. 2. The SEC said it may extend the order if it's necessary to protect investors, but it won't last more than 30 days."

A full list of companies covered by the rule is listed here.

Douglas A. McIntyre is an editor at 247wallst.com.

Tags: inthenews, shortselling ban, ShortsellingBan

Reader Comments (Page 1 of 1)

1

9-19-2008 @ 12:17PM

dlpdude said...

Is this Russia or Cuba? Democracy can't only be legislative and Capitalism can't only be when it comes to making money.

This is alllll prolonging the inevitable raising of taxes to help

2 stars

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