US SEC mulls rules to check short selling
Friday, 10 April 2009
NEW YORK, Apr 9 (AFP): The US Securities and Exchange Commission (SEC) began Wednesday looking into rules to curb short-selling of stocks blamed for collapsing the shares of Wall Street firms last year amid financial turmoil.
The market-regulating SEC is considering five proposals to restrict investors from betting on a stock's decline at specific times, officials said.
The proposals, backed by some financial institutions and other companies that suffered sharp declines in their shares, will be subject to public comment for 60 days, they said.
The market-regulating SEC is considering five proposals to restrict investors from betting on a stock's decline at specific times, officials said.
The proposals, backed by some financial institutions and other companies that suffered sharp declines in their shares, will be subject to public comment for 60 days, they said.