(Found this on another board) SEC approves ruling...
I don't follow this kind of stuff, so if its worthly info then please anyone do a follow up/through. Also, seems like a just-the-opposite ruling was made. "The SEC also approved [wich loosens] short sale regulations on..."
SEC approves rule to curb short selling abuses http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38161.4281597222-815435292&doctyp... 10:16am 06/23/04 WASHINGTON (CBS.MW) -- The Securities and Exchange Commission approved a new rule aimed at preventing abusive short selling. The rule requires all short sale trades be settled within 13 consecutive days after the transaction. This rule mirrors an existing regulation for long sale transactions. The SEC also approved a new pilot program which loosens short sale regulations on companies that trade within the Russell 3000.
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