Proposal #S7-24-99
The purpose of the thread is to discuss how Proposal #S7-24-99 will deregulate short selling and how the changes will impact the the markets and the individual investor.
Summary: The Securities and Exchange Commission is seeking public comment on the regulation of short sales of securities. In this release, we seek comment on, among other things: lifting the limits on short sales of exchange listed securities under advancing market conditions;providing an exception for actively traded securities; focusing short sale restrictions on certain market events and trading strategies; removing short sale restrictions on hedging transactions; revising short sale regulation in response to certain market developments; revising the definition of "short sale"; extending short sale regulation to non-exchange listed securities; and eliminating short sale regulation altogether.
Please post your comments here. |