SEC To Limit Naked Short Selling Of Wall Street Firms
July 15, 2008 at 14:56 PM EDT
The SEC has traditionally defended the view that protections against abusive short selling are important for issuer and investor confidence. In an emergency action aimed at limiting the ability of traders short-selling in Fannie Mae (FNM) and Freddie Mac (FRE) stock, SEC Chairman Christopher Cox, at a Senate Banking Committee hearing - said the SEC [...]
