SEC makes temporary short-selling rule permanent
Submitted by J.M. on Mon, 07/27/2009 - 14:07
By Wallace Witkowski SAN FRANCSICO (MarketWatch) -- The Securities and Exchange Commission on Monday made permanent a rule designed to curtail abusive "naked" short selling. "The new rule, Rule 204, requires broker-dealers to promptly purchase or borrow securities to deliver on a short sale," the SEC said. A temporary rule meant to curtail the practice was set to expire on July 31. The SEC said it is also working together with several self-regulatory organizations to make short sale volume and transaction data available.
http://www.marketwatch.com/story/sec-makes-temporary-short-s...
There are several interesting comments when you scroll down. It seems the Fed. is getting scared the public is catching on their rip offs.
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Right because making money off the market w/out insider trading
IS ABUSE.
I mean after all, those inside traders are the only ones who should make money on stocks.
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Glen Beck -- An Exposed Enemy:
http://www.dailypaul.com/node/90198
Glenn Beck Supports NAFTA and taking your job:
http://www.dailypaul.com/node/86643
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Glen Beck -- An Exposed Enemy:
http://www.dailypaul.com/node/90198
Glenn Beck Supports NAFTA and taking your job:
http://www.dailypaul.com/node/86643