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Wachovia Rallies as U.S., U.K. Regulators Limit Short-Selling

Discussion in 'Finance & Banking' started by Tropo, 19th Sep, 2008.

  1. Tropo

    Tropo Well-Known Member

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    Wachovia Rallies as U.S., U.K. Regulators Limit Short-Selling

    The U.K.'s Financial Services Authority today banned short- selling of financial companies for the rest of the year and will require daily disclosure of all existing short positions in such firms when they exceed 0.25 percent.

    Three U.S. Securities and Exchange Commission rules that took effect today aim to reduce manipulative trades betting on a drop in share prices.
    http://www.bloomberg.com/apps/news?pid=20601087&sid=aZAvr3g26oBg&refer=home
     
  2. AsxBroker

    AsxBroker Well-Known Member

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    Sydney, NSW
    I figure buy puts instead...