Article: SEC proposes tougher “naked” short selling rules

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SEC proposes tougher “naked” short selling rules

Rachelle Younglai, Richard Chang

Reuters, 4 March 2008

The U.S. Securities and Exchange Commission on Tuesday proposed tougher rules to curb so-called “naked” short-selling abuses and prevent market price manipulation.

SEC Chairman Christopher Cox said regulation SHO, an existing rule partly aimed at short selling abuses, “needs teeth.”

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