Wall Street Manna

An irreverent look at Wall Street

Wednesday, September 17, 2008

SEC short sales rule summary

No naked shorting. Shorts must be delivered with 3 days. No exceptions.

No market maker exemptions. No exceptions for option players.

Short positions now must be disclosed. (see post below)

The rules apply to the entire market.

The WSJ version of the story is here.
http://online.wsj.com/article/SB122166007517347849.html?mod=testMod

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