Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Puck who wrote (53220)	3/17/2000 12:40:00 AM
From: Kevin Podsiadlik	Read Replies (2) of 122087

Someone on another thread keeps insisting that it is illegal to short sell a stock within 30 days of an IPO. This is a very popular misconception, which I think is being perpetuated by brokers afraid to lose business over their restrictive policies. You are exactly right that it is the brokerages who by and large set their own rules regarding short selling. The only thing the SEC requires is an uptick and the location of a borrow. The latter is usually not possible until at least three days after the IPO, which means that in order to short sell an IPO the same day it opens, you would need to use a broker outside the SEC's jurisdiction, basically meaning, outside the US.

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