FFGO has some serious short sales per FINRA~ Short Sales. TM will continue the administration of the short sale price test rule that became effective in FY 2011, including responding to interpretive questions. In addition, TM intends to continue to review whether enhancements to the rules established to reduce persistent failures-to-deliver resulting from short sales (i.e., rules addressing so-called “naked” short sales) are needed. In addition, in FY 2013 and FY 2014, the Division intends to: • Consider whether to recommend new rules on short selling under the Dodd-Frank Act, which requires the Commission to adopt rules relating to disclosure of reporting of short sale positions, and short sale-related fraud; and • Consider whether amendments are needed to the short sale price test circuit breaker rule, based on a Commission-directed study of the rule by the Commission’s economists.
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