Saturday, 23 August 2014
Last updated 20 hours ago
Aug 21 2008 | 11:16am ET
The Securities and Exchange Commission’s temporary restrictions on naked short-sales expired just over a week ago, but something much more long-term is in the works.
SEC Chairman Christopher Cox said the regulator will propose new rules covering short-selling within the “next few weeks,” and the new restrictions may go much further than the ones that expired on Aug. 12.
“Our proposals will be designed to ensure the smooth functioning of markets and to support equally the important role of bets on the upside and the downside,” Cox said.
The temporary restrictions on naked shorts put into place on July 15 covered only U.S. mortgage giants Fannie Mae and Freddie Mac, as well as 17 brokerages, in an effort to shore up those companies and protect them from market manipulation. The new rules may cover all short-selling, and not just financial names, Cox said.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note