SEC extends short sale disclosure rule

WASHINGTON, Oct 15 (Reuters) - Big investors will be required to disclose their short positions to the U.S. Securities and Exchange Commission under an interim final rule issued by the SEC on Wednesday night.

The commission said short-sale reports provide it with important information about sizes and changes of short sales.

Short-sellers borrow stock they expect will fall in price in the hope of repaying the loans for less and pocketing the difference as profit.

Big investors will be required to disclose their short positions to the U.S. Securities and Exchange Commission under an interim final rule issued by the SEC on Wednesday night.

The SEC rule extends a temporary short sale disclosure rule until Aug.1, 2009 to give the agency time to solicit public comment and fine tune details such as whether to publicly reveal the short positions.
http://www.reuters.com/article/fundsFundsNews/idUSN1535425820081016