Wave Systems Corp. (fka WAVXQ)

[cooler]

Street Gears Up for Short Changes
By Randall Smith, Jenny Strasburg and Kara Scannell
http://online.wsj.com/article/SB121625146811560197.html?mod=hpp_us_whats_news
The federal crackdown on short selling is causing a scramble on Wall Street, with brokerage firms racing to implement new controls before the rules take effect on Monday.

The unprecedented get-tough action by the Securities and Exchange Commission means that securities firms will have to fine-tune their back-office operations to comply with the requirements.

The biggest potential headache: Existing rules allow brokers to sell stock short as long as they reasonably believe they can locate the needed shares and deliver them on time. Under the new curbs, short sellers will need to make formal arrangements to borrow the shares before ...