The Securities and Exchange Commission voted yesterday to end price restrictions on short selling, meaning that investors seeking to sell a share that they do not own will no longer be barred from doing so because the price of the stock is falling.
Stephanie Kuykendal/Bloomberg News
Christopher Cox, the S.E.C. chairman, and the other commissioners ended a restriction that had been in place since 1938.
The 5-to-0 vote, ending a rule that had been in place since 1938, when short sellers were blamed by some critics for having caused the 1929 market crash and the Depression that followed, came as the commission also voted to make it harder to engage in naked shorting, the practice of selling shares that have not been purchased or borrowed.
The only good protection since 1929 - is now removed - making next 1929 next?
Ex. so if a company got hurt by nss 666illegal naked short sellers -
we may see $666billion-zillions of Law Suits? - to recover and to put some first-aid band remedy to - what all 888Investors lost over the last 10 years - and spec. since 911 the nss666circuz destructions - to kill all 888 companies and the Liberty and Freedom - has increased 10000% -
lose penealty bolero 666nss-circuz? - every nss banksterz incl. the paid bashers - should have min. 100 years in jail - and all assets confiscated by the gov. -
btw. only Martha Stewart and 888 goes to jail for peanuts - the banksterz robs billionz only paying fines - and laughing all the way to the fiatzbankz -
Note. 888 has to take back banks, courts and media before any fairness becomes reality in America!
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