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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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Reference: http://www.bloomberg.com/apps/news?pi...