Firms oppose short-selling rules being considered by SEC

09/29/2009 | Wall Street Journal, The

Goldman Sachs Group, Vanguard Group and other major Wall Street firms sent letters to the Securities and Exchange Commission regarding proposed restrictions on short-selling. "We've always felt that short-sellers enhance liquidity and provide a positive impact on the marketplace," said Gus Sauter, chief investment officer at Vanguard. Sauter said limits on short-selling activities could hinder individual investors and crimp trading.

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