SEC considers further action against naked short-selling

10/2/2009 | AccountingWEB

The Securities and Exchange Commission is considering taking further action to limit naked short-selling, or the sale of stock shares the seller neither owns nor borrows. At a recent panel session, officials discussed a procedure that would oblige sellers to know exactly what shares they are borrowing. But lawmakers attacked the SEC for not taking direct action against short-selling once and for all.

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