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SEC Extends Ban on Short Selling Past Oct 19
Arthur ( Score Rank: #23 based on predictions in the last 30 days ) Arthur  |  was scored on 20-Oct-2008 (32 days ago)
U.S. regulators are likely to extend a ban on short-sales of financial stocks and is considering new protections for all publicly traded companies, NYSE Euronext Chief Executive Officer Duncan Niederauer said. Under U.S. Securities and Exchange Commission rules, the ban can be extended through Oct. 19. Investors are barred until Oct. 3 from betting on price declines for almost 980 stocks ranging from Citigroup Inc. to companies that get a fraction of their revenue from financial activities such as AutoNation Inc.

Will the SEC extend its ban on the short selling of 980 financial stocks past October 19th?
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2008-10-16
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2008-10-15
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  1. Arthur Arthur 32 days ago
    0 vote This is Good This is Bad
    answered: [ * ] No
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    The prohibition on betting on a decline in share prices expired Oct. 8, the SEC said in a statement today. The SEC said it imposed the ban to calm markets and give Congress and the White House time to adopt legislation that lets the Treasury purchase illiquid assets that are burdening banks.
    Reference: http://www.bloomberg.com/apps/news?pi...
  2. oWell oWell 48 days ago
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    predicted: [ Most Likely ] [ 85% ] No
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    no. i think they must rely back on free market mechanism asap. it's too weird to boost the market artificially.
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