Title

Short Sale Proposals: Key Questions
Client Memorandum

Created date

5/4/2009

The Securities and Exchange Commission will hold a roundtable at its headquarters in Washington, DC on May 5, 2009 to discuss issues raised by its recent proposals to restrict short sales. Questions will be directed to three main topics: 1) Market Changes and Investor Confidence; 2) Bid versus Tick versus Circuit Breakers; and 3) Lessons and Insights from Empirical Data. In anticipation of the roundtable, this memorandum focuses on the structure of the SEC’s recent proposals and the key questions raised by them.