We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Planning Permanent Short-Selling Rule: Cox

Law360 (August 19, 2008, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission is reportedly planning to propose a new rule designed to permanently limit the naked short selling of stock.

The agency will focus on marketwide solutions, SEC Chairman Christopher Cox told reporters on Tuesday. Though he declined to give specifics, he did say one possibility would be requiring investors to publicly disclose substantial short-sale positions, Reuters reported.

“Our proposal will be designed to ensure the smooth functioning of the markets,” Cox said, according to Reuters. “We support the equally important role...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.