Free Republic 3rd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $41,748
51%  
Woo hoo!! And we're now over 51%!! Thank you all very much!! God bless.

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  • SEC Extends Short-Selling Rules (But Only to 12 Aug 08)

    07/30/2008 6:49:04 AM PDT · by shrinkermd · 6 replies · 149+ views
    WSJ ^ | 30 July 2008 | By KARA SCANNELL and TOM LAURICELLA
    The Securities and Exchange Commission voted to extend the temporary rules it put in place to restrict short-selling of a handful of financial stocks. The SEC commissioners didn't take additional steps opposed by Wall Street to expand the number of stocks affected by the rules or make them permanent. The temporary rules were set to expire Tuesday, and the SEC extended the order on the 19 stocks until Aug. 12. It won't be extended beyond then. In a short sale, a trader sells borrowed stock in a bet the price will decline and the stock can be profitably repurchased at...
  • SEC Intensifies Efforts To Rein In Short Selling

    07/27/2008 10:12:33 PM PDT · by Fred · 73 replies · 402+ views
    WSJ ^ | 072808 | JENNY STRASBURG, KARA SCANNELL and RANDALL SMITH
    Wall Street executives expect the Securities and Exchange Commission to extend the temporary limits it has placed on short-selling and expand them to cover additional stocks beyond the 19 financial companies it targeted two weeks ago. The limits are set to expire Tuesday, and executives, lobbyists and hedge-fund representatives of the Managed Funds Association, the biggest hedge-fund industry group, have been talking throughout the weekend, trying to come up with possible approaches to asking the SEC to reconsider expanding the rules, according to people familiar with the talks. A call with regulators on Friday gave the funds group "a fair...