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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 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 kin...

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  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. 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 ...

  3. 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...

  4. 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 ...

  5. 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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