While we are talking corp. filings and naked shorting this was a disappointment today.
Utah delays law regarding short-sales
By David Weidner 8/11/2006 03:42:47 PM
NEW YORK (MarketWatch) -- Utah's top securities regulator and the Securities Industry Association on Friday said they agreed to a preliminary injunction against a new controversial new law. The law allows Utah-based companies to collect $10,000 per day from brokers who fail to alert the state securities commission within 24 hours as to how many shares on designated lists of short stocks they won't be able to deliver on time. SIA, the brokerage industry's biggest trade group, said in a statement it would work "with the state of Utah to address their concerns."
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