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Home » Securities and Exchange Commission Tries to Shore Up GSE, Broker-Dealer Stock Prices by Banning Naked Short Sales
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Securities and Exchange Commission Tries to Shore Up GSE, Broker-Dealer Stock Prices by Banning Naked Short Sales

July 17, 2008
The Securities and Exchange Commission issued an emergency order Wednesday to prevent stock traders from “naked” short-selling shares of Fannie Mae, Freddie Mac, and large brokerage groups. The order will take effect Monday morning and last until midnight on July 29, “unless further extended by the Commission.” It came in reaction to the plummeting values of shares of the government-sponsored...
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