SEC Extends Short Sale Emergency Orders
On October 1 and October 2, 2008, the SEC extended its recent emergency orders regarding short selling activities and related matters, including:
- Temporary prohibition of short selling in publicly traded stocks of certain financial companies. This order will now expire at 11:59 p.m. (Eastern) on the third business day after enactment of the Emergency Economic Stabilization Act of 2008 (H.R. 1424), but in any case no later than 11:59 p.m. (Eastern) on October 17, 2008.