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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?


To: rrm_bcnu who wrote (2804)10/2/2007 2:07:50 PM
From: rrufff  Read Replies (1) | Respond to of 5034
 
Picked this up from another board - can't confirm - but if true, it's another inroad into the way Naked shorting thrives via "exceptions" and "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.

©Copyright 2007 NYSE Arca, Inc.