Entries tagged "naked shorts"
Although Securities and Exchange Commission Chairman Christopher Cox is a lame duck, he is still calling a meeting of international regulators Monday to deal with "urgent regulatory issues" stemming from the global financial crisis....
With Lehman Brothers Holdings Inc.'s collapse, Sen. Christopher Dodd, D-Conn., has taken his concerns about naked short selling, the practice of selling shares without arranging to borrow the securities up-front, up a notch. ...
A lot more than four cents, when it comes to naked short selling. Securities and Exchange Commission chairman Christopher Cox may be seeking to revive a version of the now-defunct "uptick" rule, which was eliminated in 2007, freeing short sellers from the prohibition against selling stocks unless its price ticks up by a penny or more first. The agency is considering a more severe uptick rule that could block short selling of a stock unless its price ticks up a nickel or even a dime and more....
Harvey Pitt appears to be the latest financial sector bigwig to take a specialized post in government, according to Investment News. The chief executive of Washington consulting firm Kalorama Partners LLC and former chairman of the Securities and Exchange Commission has been named deputy attorney general of Alabama. ...
For all I know, the Securities and Exchange Commission ban on naked shorting has saved the markets and Western Civilization, though financial stocks are again losing ground Tuesday on news of ugly earnings at Wachovia Corp. So maybe we haven't been saved. Nonetheless, after confessing that I don't have a clue about what is really driving the markets, a few comments on naked shorting and what it all means. ...
