Naked Shorting-Hedge Fund & Market Maker manipulation? Message Board

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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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From: pcyhuang	10/8/2007 10:16:28 AM
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SEC's Mandate in Eliminating Short Sale Exemptions "Effective Friday, October 5, 2007, NYSE Arca will reject all Sell Short Exempt (SSE) Orders in accordance with the Securities and Exchange Commission (SEC) mandate. This action is designed to address the issues surrounding "naked" short selling. Please contact your NYSE Relationship Representative or the NYSE Arca Trade Support Desk at 888.513.9873, if you have any additional questions." --- CBOE cbsx.com NASDAQ Regulatory Alerts on Short-Sale Excemption --- NASDAQ "Regulatory Alert #2006-007 - Short Sale Exemption for NASDAQ-100 Securities, Effective Monday, October 9, 2006 Please Route To: Head Traders; Technical Contacts; Compliance Officers What you need to know: Effective Monday, October 9, 2006, NASDAQ-100 securities will no longer be subject to the “tick” test of SEC Rule 10a-1 or the bid test of NASDAQ Rule 3350 when traded on NASDAQ and to NASD Rule 5100 when reported to the NASD/NASDAQ Trade Reporting Facility (ACT). As announced in Regulatory Alert #2006-004, on September 13, 2006, the Securities and Exchange Commission (SEC) issued an approval order allowing NASDAQ-100 securities to be exempt from the NASDAQ Short Sale Rule. Whom you should contact: NASDAQ Market Sales at 800.846.0477" pcyhuang

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