Peter_McCluskey3 comments on Ban the Bear - Less Wrong

1 Post author: Eliezer_Yudkowsky 19 September 2008 06:14PM

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Comment author: Peter_McCluskey3 20 September 2008 01:35:21AM 0 points [-]

Jason, they banned all short sales of those stocks (except for "certain bona fide market makers" and some option exercises). From http://www.sec.gov/rules/other/2008/34-58592.pdf:

IT IS ORDERED that, pursuant to our Section 12(k)(2) powers, all persons are prohibited from short selling any publicly traded securities of any Included Financial Firm.