SEC clamps down on short sellers
Sep 17 - The U.S. Securities and Exchange Commission unveiled new rules, which go into effect on Thursday, governing the conduct of people who profit from stock declines.
So-called short-sellers have been blamed for aiding in the collapse of Bear Stearns and Lehman Bros. and for more recently punishing shares of Goldman Sachs and Morgan Stanley.
Conway G. Gittens reports.
SPEAKER: Art Hogan, chief investment stategist, Jefferies & Co
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