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Sunday, July 13, 2008 6:20:24 PM
SEC, others, to probe short seller manipulation
By Greg Morcroft
Last update: 1:15 p.m. EDT July 13, 2008
NEW YORK (MarketWatch) The U.S. Securities and Exchange Commission said Sunday that it and other regulators are firing up new examinations to prevent stock-price maniplation by short sellers and others.
The agencies' goal is the "prevention of the intentional spread of false information intended to manipulate securities prices."
The SEC said these examinations are in addition to the commission's enforcement investigations into alleged intentional securities price-fixing "through rumor-mongering and abusive short-selling that are already underway."
The examination will be conducted by the SEC, New York Stock Exchange regulators and the Financial Industry Regulatory Authority (FINRA)
Link to article
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
By Greg Morcroft
Last update: 1:15 p.m. EDT July 13, 2008
NEW YORK (MarketWatch) The U.S. Securities and Exchange Commission said Sunday that it and other regulators are firing up new examinations to prevent stock-price maniplation by short sellers and others.
The agencies' goal is the "prevention of the intentional spread of false information intended to manipulate securities prices."
The SEC said these examinations are in addition to the commission's enforcement investigations into alleged intentional securities price-fixing "through rumor-mongering and abusive short-selling that are already underway."
The examination will be conducted by the SEC, New York Stock Exchange regulators and the Financial Industry Regulatory Authority (FINRA)
Link to article
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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