SEC Issues New Rules to Prevent Naked Short Sales

By: ispeculatornew
Date posted: 09.17.2008 (2:04 pm) | Write a Comment  (0 Comments)

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Today the SEC announced that it has issued new rules to prevent naked short selling. This is a good step. However, these new rules will be useless if the SEC, Wall Street’s whipping boy, doesn’t actually enforce the rules. I hope the SEC is serious about stopping naked short sales and other abuses on Wall Street.

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