SEC Bans Short-Selling, Hedge Funds React

Sep 19 2008 | 9:29am ET

In a desperate effort to shore up the finance industry, the U.S. Securities and Exchange Commission has barred outright short-selling in nearly 800 financial stocks.

The emergency order, which expires in 10 days but can be extended for up to 30, covers the shares of 799 financial services firms. In addition to the short-selling ban, which is effective immediately, the SEC rolled out a series of other measures designed to curb short-selling, including new disclosure requirements.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…