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Re: richard.w post# 55845

Wednesday, 02/24/2010 12:52:48 PM

Wednesday, February 24, 2010 12:52:48 PM

Post# of 83049
Hey Rich,

I think the 2015 date referenced in the WSJ article is referring to global accounting standards, not the short selling rule voted on today.

Separately, the SEC is expected Wednesday to approve a statement saying it supports adopting global accounting standards for U.S. companies, but it won't seek early adoption.

The first time U.S. companies would report under such a system would be no earlier than 2015, according to a summary of the SEC statement. The commission is expected to decide by next year whether it will recommend such a transition.



Hope this helps.

Peace,
VVV
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