The Cork Board

[the cork]

NEW S.E.C. RULING - Re: Market Makers

(special thanks to BurrTim)

As published in Reuter's two (2) days ago :

Market Makers are going to be forced, by the SEC, to confine their "Short Interest" on All Exchanges to be within 10% of the current Stock Price. If the "Short Interest" is Outside the 10% Envelope, the Market Maker is going to be Forced, by the SEC, to Cover Their Short !

This rule is going to be Monitored by each Exchange and Monitored, Full Time, by the SEC. ! !

This ruling is completed and just needs the vote of the seven(7) member Board at the SEC. The SEC Chairman stated that she did not see Any Problem with this Ruling PASSING with at least a 5 to 7 minimum vote. The SEC is supposed to vote on this Ruling at their Next Meeting !