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.
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