AI
Saturday, October 25, 2008 7:46:00 PM
Copy and paste the below links for further information regarding this SEC Emergency Order (Release No. 34-58572) and extension.
http://www.sec.gov/rules/other/2008/34-58572.pdf
http://www.sec.gov/news/press/2008/2008-235.htm
In short if FTD trade has occurred 6 days before Oct.17th then it must be covered in 13 trade days.(Nov 4th) There is also a one time phase in and it is 35 days,(for options as well as stock)on the 36th day a cover must take place Dec.8th This is the new law,with that said keep in mind;laws get broken each and every day. Shorts,your time is coming
http://www.sec.gov/rules/other/2008/34-58572.pdf
http://www.sec.gov/news/press/2008/2008-235.htm
In short if FTD trade has occurred 6 days before Oct.17th then it must be covered in 13 trade days.(Nov 4th) There is also a one time phase in and it is 35 days,(for options as well as stock)on the 36th day a cover must take place Dec.8th This is the new law,with that said keep in mind;laws get broken each and every day. Shorts,your time is coming
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