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Wednesday, April 7, 2010 as of 11:14 AM ET

Corus Bank

Corus Bankshares, Inc. () operated as the holding company for Corus Bank, N.A., a United States company that offered consumer and corporate banking products and services.

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Did the SEC's Plan To Get Shorty Work?

Did the SEC's plan to stop naked short selling abuses in 19 stocks work?The jury is still deliberating, the results so far are mixed.

Stocks in many of the companies on the list actually rose during the ban, but the stock market took shares down in others due to problematic balance sheets and poor risk management controls.The Securities and Exchange Commission's emergency move to outlaw naked short sales in shares of 19 financial stocks went into effect July 15 and expired Aug. 12. Short sellers were forced to actually have borrowed stock in hand before executing a short sale.SEC Chairman Christopher Cox said that the agency wanted to stop certain stock price manipulations, as volatility in the financials is at historic levels.SEC Moves to Make Ban PermanentThe SEC is moving to permanently outlaw naked short-selling for all stocks and has already begun work on the new rules so as to "extend this kind of procedural protection to the entire market", Cox told Congress. "Very soon we will b...

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  1. The SEC Comes Up Short

    July 28, 2008 8:49 AM The SEC Comes Up Shortby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Wall Street executives now expect ...

  1. Did the SEC's Plan To Get Shorty Work?

    August 14, 2008 7:33 AM Did the SEC's Plan To Get Shorty Work?by Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Did the SEC's pl...

  2. Did the SEC’s Plan To Get Shorty Work? « Emac's Stock Watch

    August 14, 2008 07:33 AM UTC by Elizabeth MacDonaldDid the SEC's Plan To Get Shorty Work?Did the SEC's plan to stop naked short selling abuses in 19 stocks work?The ...

  3. Get Shorty

    The Securities and Exchange Commission late yesterday announced it's extending its emergency ban on naked short selling in 19 financial companies through August 12, ...

  4. Get Shorty

    July 30, 2008 8:24 AM Get Shortyby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »The Securities and Exchange Commission late ye...

  5. Get Shorty « Emac's Stock Watch

    July 30, 2008 08:24 AM UTC by Elizabeth MacDonaldGet ShortyThe Securities and Exchange Commission late yesterday announced it's extending its emergency ban on naked ...

  6. The SEC Comes Up Short

    Wall Street executives now expect the Securities and Exchange Commission to extend its temporary limits on a certain type of short selling beyond the 19 financial co...

  7. The SEC Comes Up Short

    July 28, 2008 8:49 AM The SEC Comes Up Shortby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Wall Street executives now expect ...

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