Jim Cramer Shorting Stocks, Manipulating Markets, Saying The SEC Doesn’t Understand
Julie Satow, 06 December 2017
In light of the current economic crisis, and with the hullabaloo ignited recently by Jon Stewart over the accuracy of CNBC’s reporting, we thought it might be useful to revisit this shocking 2006 interview Jim Cramer gave to TheStreet.com’s Aaron Task.
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SEC Races Against Short Sellers
The Sun, 16 September 2008
In an attempt to stanch the bloodletting on Wall Street, the Securities and Exchange Commission will rush to institute new rules as soon as this week to curb abusive short selling of stocks.
The rules — which are far less sweeping than restrictions the agency temporarily instituted in July on shorting shares of 19 financial firms — will make it fraudulent for traders to mislead brokers about whether they have located a stock they intend to short, and will no longer allow options traders to bet against a stock without borrowing it first. It will also require brokers to close out their short positions sooner.
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