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To: GrillSgt who wrote (222713)	2/19/2003 10:43:44 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 436258

ROTFLMAO! What's next, locking all short-sellers in concentration camps? We knew it would come to this, didn't we....<NG> SEC Considering New Restrictions On Short Selling -FT Wednesday February 19, 6:19 pm ET NEW YORK -(Dow Jones)- U.S. securities regulators are considering sweeping changes to rules governing short selling, The Financial Times reports in an article on its Web site Wednesday. Securities and Exchange Commission (News - Websites) staff are expected to present proposals for reform to new chairman William Donaldson (News) next week, according to the article. Among the proposals could be rules forcing traders to borrow stock to cover their short positions, the newspaper reports. Under the current rules, traders can take out "naked" short positions over an unlimited number of shares, putting huge downward pressure on an illiquid stock. Regulators are less concerned about short-selling in liquid stocks and may consider loosening the rules for large companies while tightening them for shares in small companies, the report says. Officials also want a consistent set of rules across all U.S. markets. Under current regulations, traders are forbidden from shorting a stock quoted on the New York Stock Exchange (News - Websites) when the price is falling, but the Nasdaq has its own rule that is triggered differently and isn't applied to small stocks in the over-the-counter market, the Financial Times reports.