Skip to main content

  • AddRemove
  • Build a Report 

SEC Issues New Rules to Combat Naked Short Selling Abuses

18 September 2008
Mayer Brown Article
18 September 2008 - On September 17th, the Securities and Exchange Commission (SEC) issued an emergency order (Emergency Order) under Section 12(k)(2) of the Securities Exchange Act of 1934 (Exchange Act) adopting three new rules designed to combat “naked” short selling (i.e., a short sale where seller does not actually borrow the stock and fails to deliver it in time for settlement). These rules apply to the equity securities of all public companies and were effective at 12:01 a.m. ET on Thursday, September 18, 2008.

The Build a Report feature requires the use of cookies to function properly.  Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently.  If you do not accept cookies, this function will not work.  For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.