Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Reminder: Temp Short Selling Ban Ends Oct. 8

Melissa Klein Aguilar | October 7, 2008

Reminder: The Securities and Exchange Commission’s Emergency Order banning short selling in financial institutions’ securities will expire at 11:59 p.m. ET on Wednesday, Oct. 8, 2008, in line with the Commission’s announcement that it would end the ban on the third business day after the enactment of the Emergency Economic Stabilization Act of 2008, which was signed by President Bush on Oct. 3.

Meanwhile, the temporary requirement that institutional money managers report to the SEC their new short sales of certain publicly traded securities, and the hard T+3 close-out requirement for naked short selling and penalties for violation,...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.