'Charles Jones' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/author/charles-jones http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed 85873 This past week, the SEC issued an emergency order prohibiting naked short selling in 19 financial stocks, including Fannie Mae (FNM), Freddie Mac (FRE), Lehman Brothers (LEH) and other names in the news. Beginning on Monday (July 21), it won’t be enough to make a good-faith effort to locate shares to borrow. Short sellers will have to have a formal agreement to borrow the shares in these stocks before they actually initiate a short position.

]]> Sun, 20 Jul 2008 16:12:01 -0400 Charles Jones This past week, the SEC issued an emergency order prohibiting naked short selling in 19 financial stocks, including Fannie Mae (FNM), Freddie Mac (FRE), Lehman Brothers (LEH) and other names in the news. Beginning on Monday (July 21), it won’t be enough to make a good-faith effort to locate shares to borrow. Short sellers will have to have a formal agreement to borrow the shares in these stocks before they actually initiate a short position.

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