The SEC adopted Regulation SHO to, among other things, curb the potential for manipulative naked short selling in equity securities. Selling a security short without borrowing the securities needed to settle the trade within the standard 3-day period, can result in failures to deliver (FTD), and can be used to manipulate (drive down) the price of a security. To further address this concern, SEC recently issued an order amending Regulation SHO. This report: (1) provides an overview of Regulation SHO and related SEC actions; (2) discusses regulators' and market participants' views on the effectiveness of the rule; and (3) analyzes regulators' efforts to enforce the rule. Includes recommendations. Charts and tables.This program allows participants to instruct NSCC on the specific securities from their DTC account that are available for ... Under Article 8 of the Uniform Commercial Code, a securities broker-dealer may credit a customera#39;s account with aanbsp;...
|Author||:||Orice M. Williams|
|Publisher||:||DIANE Publishing - 2009-12|