Federal regulators on Wednesday imposed new curbs on the practice of short-selling, hoping to prevent spiraling sales sprees in a stock that can stoke market turmoil.
The Securities and Exchange Commission, divided along party lines, voted 3-2 at a public meeting to adopt new rules.
The rules put in a so-called "circuit breaker" for stock prices, restricting for the rest of a trading session and the next one any short-selling of a stock that has dropped 10 percent or more.
Wednesday, February 24, 2010
SEC puts new curbs on short-selling
The Washington Times reports:
