Alerts

SEC to Increase Public Disclosure of Short-Selling

Form SH Short Sale Reporting Requirement Expires Aug. 1, 2009

July 29, 2009

On July 27, 2009, the Securities and Exchange Commission (“SEC” or “the Commission”) issued a press release stating that it will not renew or otherwise extend interim final temporary Exchange Act Rule 10a-3T (“Temporary 10a-3T”), which required institutional investment managers to report short sales and short positions on Form SH. Thus, the rule will expire on August 1, 2009.