The Securities and Exchange Commission

[thepennyking]

StockGate: NASAA in Explosive SEC Comments on Short Sale
January 6, 2004. (FinancialWire) The North American Securities Administrators Association, an organization that has become a key player in regulatory matters since several of its members have charged in to correct market abuses, leaving the U.S. Securities and Exchange Commission to play catch-up, waited until the last day to issue what many observers regard as an explosive commentary and thinly-veiled reminder of its members’ potential to step into the “naked short sales” issue that is the subject of the SEC’s proposed “Regulation SHO.”