Suggested Predictions
Ziibos (10)
|
Under the SEC's new emergency rules, (quite different from the agency's old emergency rules) none of the 799 financial stocks on its uncarefully screened list can be sold short. That's the bad news. The good news is that all 799 stocks are still solvent, allegedly. The SEC's emergency order barring short sales will expire Oct. 2 unless its commissioners vote to extend the rule.
Will the SEC extend its ban on the short selling of 799 financial stocks past October 2nd?
Comments (2)
|
||||||



The current ban would expire on the third business day after enactment of the legislation. However, the order would expire in no case later than October 17.