| |
|
|
Alerts
|
|
|
SEC Extends Emergency Orders
Ban On Shorting Financial Stocks To End On Oct. 8
October 3, 2008
On October 2, 2008, the Securities and Exchange Commission (“SEC” or the “Commission”) issued: (1) an order extending its September 18 Emergency Order, as amended on September 21, prohibiting short sales in the publicly-traded common stock of certain financial companies until the earlier of midnight on October 17 or three business days after the President signs the Emergency Economic Stabilization Act of 2008 (11:59 p.m. E.T. on Wednesday, October 8); and (2) an order extending its September 18 Emergency Order, as amended on September 21, requiring hedge funds and other institutional money managers to report certain information relating to short sales in Section 13(f) securities on Form SH until midnight on October 17.
|
|
|
|