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Re: Stock post# 1620

Tuesday, 07/20/2010 9:27:34 PM

Tuesday, July 20, 2010 9:27:34 PM

Post# of 1794
Is 929x(a) in the final language?

What does it say?

http://banking.senate.gov/public/_files/TitleIXcounter.pdf

25. Add the House provision requiring daily reporting on short sales, prohibiting manipulative short sales, and requiring notification to customers that they may elect not to allow their securities to be used in connection with short sales and that the broker may receive compensation if the shares are so used. (House § 7422, p. 1383) Accept in Part – Accept all of the House’s offer on short sale reforms except for Page 39 Line 20 through Page 40 Line 13 (SEC.929X. (a) “(2)(A)”) of the House offer. – Reject – Reject daily short sale reporting by every institutional investment manager (SEC.929X. (a) “(2)(A)”).

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