SEC extends ban on short sales, but end is in sight

Fri Oct 3, 2008




It is going to be a bit longer before hedge funds can short financial stocks again.

The Securities and Exchange Commission yesterday extended its temporary prohibition on the short sale of financial stocks to the end of the day on Friday, October 17 – or three days after Congress passes a financial rescue package. The ban had been set to expire yesterday.

The regulator also said that it would require hedge funds to report their short positions but in recognition of...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI