SEC extends short-selling ban for financial stocks (AP)

Posted by admin on October 2, 2008 under News | Be the First to Comment

SEC extends short-selling ban for financial stocks (AP)

Pedestrians walk past an electronic share prices board in front of a securities in Tokyo. Global stock markets wobbled in cautious trade Wednesday, reflecting investor anxiety over the fate of a US finance sector rescue package pending in Congress and a widening banking crisis in Europe.(AFP/Kazuhiro Nogi)AP – Federal regulators on Wednesday extended an unprecedented ban against all short-selling in the shares of more than 800 financial companies, keeping it in place at least until after Congress enacts a massive financial bailout plan.


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