News Focus
News Focus
icon url

mc67

07/02/10 1:20 PM

#6571 RE: mc67 #6569

Washington, D.C.
Feb. 24, 2010



....prevent short selling, including potentially manipulative or abusive short selling, from further driving down the price of a security that has experienced a 10 percent price decline. Limiting the potential for abuse is an important goal of these rules.

And, second, it will enable long sellers to stand in the front of the line, and sell their shares before any short sellers once the circuit breaker is triggered.

http://www.sec.gov/news/press/2010/2010-26.htm

http://www.sec.gov/news/speech/2010/spch022410mlsshortsales.htm