SEC Mum On Possible Extension Of Short-Selling Ban

Law360, New York (October 1, 2008, 12:00 AM EDT) -- On Thursday at midnight the U.S. Securities and Exchange Commission's ban on short-selling certain stocks – most notably those in the beleaguered finance sector – is set to expire.

"The commission hasn't indicated one way or the other whether they'll extend the ban," SEC spokesman Kevin Callahan said Wednesday, adding the decision may not be made public until after markets close on Thursday.

On Sept. 19 and Sept. 21, the SEC took regulatory and enforcement steps to combat what it described as “abusive short-selling” during this...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.