Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (123383)	7/15/2008 1:27:37 PM
From: Rocket Red	Read Replies (1) \| Respond to of 312987

SEC's Cox: New Limits On Short Sales Of Fannie, Freddie 13:16 EDT Tuesday, July 15, 2008 WASHINGTON -(Dow Jones)- U.S. securities regulators are putting new restrictions in place to prevent short-selling abuses involving shares of Fannie Mae (FNM) and Freddie Mac (FRE), the federally-backed housing-finance giants. Securities and Exchange Commission Chairman Christopher Cox told the Senate Banking Committee on Tuesday that the SEC will require short-sellers to pre- borrow shares before engaging in short sales of Fannie Mae or Freddie Mac. Cox said the new restrictions are called for under an emergency order. Short sellers borrow shares for sale in hopes of profiting by replacing the borrowed shares at a lower price. "Naked" short sellers don't borrow shares in advance of short sales, a practice that critics say can have punishing effects on a stock's price. -By Judith Burns, Dow Jones Newswires; 202-862-6692; Judith.Burns@dowjones.com Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/al?rnd=9kELB4HUXOiD3Tf5%2BJpKQA%3D%3D. You can use this link on the day this article is published and the following day. (END) Dow Jones Newswires 07-15-08 1316ET Copyright (c) 2008 Dow Jones & Company, Inc. © Copyright Dow Jones