Global Regulators Take Action to Restrict Short Selling

Global Regulators Take Action to Restrict Short Selling

Client News
As discussed in WilmerHale client alerts published on September 18, September 19 and October 17, 2008, the US Securities and Exchange Commission ("SEC" or "Commission") adopted several rules (including emergency rules, final rules, and interim final temporary rules) regarding short sales in September and October 2008. These rules were intended to significantly reduce the possibility that short selling involving financial stocks and "naked" shorting in general may disrupt the functioning of the financial markets. For more, see our recent Email Alert.

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