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More Idiocy From the SEC: Reinstatement of Short-Selling Restrictions
Posted on July 03, 2009
Inquiring minds are reading S.E.C. May Reinstate Rules for Short-Selling Stocks.They have been reviled as the bad hats of Wall Street, nefarious traders who cashed in on the market collapse and, some insist, helped precipitate it.Now short-sellers, the market skeptics who correctly called last year s downturn, are coming under even more unwanted scrutiny, this time from federal regulators. The Securities and Exchange Commission appears poised to reverse itself and reinstate rules that would make shorting stocks that is, betting their prices will decline somewhat more difficult.Many b...
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