SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Vitalsigns who started this subject9/14/2001 11:53:31 PM
From: Vitalsigns  Read Replies (1) of 2773
 
More safety nets strung out

quote.bloomberg.com
The five-day emergency rules let public companies repurchase stock
without following limits on how many shares they can buy or restrictions
forbidding buybacks at the beginning or end of a trading day. The SEC,
which polices U.S. stock and bond markets, for the first time used
congressionally granted emergency authority to temporarily change its
normal rules to respond to a crisis.

.............Using for the first time its emergency authority to temporarily change rules,
the SEC's rule package also would let mutual funds borrow money from
affiliated banks so that, if mutual fund investors rush to redeem shares,
fund companies can pay them without being forced to sell stock.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext