SEC's Short-Selling Limits Could Become Permanent

Law360, New York (August 12, 2008, 12:00 AM EDT) -- With the U.S. Securities and Exchange Commission's emergency order limiting naked short selling of stocks in major financial firms set to expire, reports emerged Tuesday that the commission was looking to make permanent several of the order's provisions.

The New York Post, citing unnamed sources, reported Tuesday that the SEC hoped to unveil permanent regulations controlling naked short selling of 19 financial stocks, including major investment banks and humbled mortgage backers Fannie Mae and Freddie Mac, sometime next month.

The short-selling emergency order requires anyone effecting...
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