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marketmaven

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marketmaven

Re: cash2go post# 642743

Saturday, 01/23/2010 11:37:57 AM

Saturday, January 23, 2010 11:37:57 AM

Post# of 704019
C2G- SEC Imposing Short Sale Rule in Feb
Nasdaq’s Hyndman Sees New SEC Short-Sale Restriction Next Month
http://www.bloomberg.com/apps/news?pid=20601103&sid=azZrn4HY8pk8

Jan. 22 (Bloomberg) -- The Securities and Exchange Commission may approve a rule next month that aims to keep short sellers from accelerating stock sell-offs, said Brian Hyndman, the senior vice president in transaction services at Nasdaq OMX Group Inc.

The regulation would take effect when shares fall 10 percent in a day and require bearish trades be executed above the best existing bid in the market, Hyndman said.

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