The Securities and Exchange Commission, acting in concert with the U.K. Financial Services Authority (FSA), today took temporary emergency action to prohibit short selling in financial companies to protect the integrity and quality of the securities market and strengthen investor confidence. The action is immediately effective. All open orders to short any of these 799 stocks will be canceled. Please refer to http://www.sec.gov/news/press/2008/2008-211.htm for in-depth details of the order.
Further no uncovered sales of calls will be allowed.
Customers can not exercise a put that will result in a short position in the stock.
Positions existing prior to September 18 are not effected by this ruling.
If you have any questions or comments, please call Customer Service toll-free during regular business hours (Monday through Friday from 7:00 am to 6:00 pm CT, except exchange holidays) at 1-877-653-2500. You can also visit OptionsHouse.com for our live chat feature or e-mail us anytime at customerservice@optionshouse.com and we will respond promptly during regular business hours.