SEC Takes Further Action to Curtail Naked Short Selling
October 23, 2008
Colin J. Diamond, Gary Kashar, Kevin Keogh
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On October 14, the SEC took further action to limit naked short selling by issuing three formal rulemaking orders, as well as two releases finalizing amendments to Regulation SHO. This is the latest of a series of coordinated SEC actions to limit naked short selling and substantially finalized a package of temporary naked short selling rules the SEC had adopted under an emergency order in September. Read here for details on the three formal rulemaking orders, as well as the rules finalized by the amendments to Regulation SHO.
For more information please contact the White & Case lawyer with whom you regularly discuss securities matters or any of the following lawyers:
Colin J. Diamond
Partner, Securities Practice
+ 1 212 819 8754
N. Adele Hogan
Partner, Securities Practice
+ 1 212 819 8626
Gary Kashar
Partner, Securities Practice
+ 1 212 819 8223
Kevin Keogh
Partner, Securities Practice
+ 1 212 819 8227
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