Firm Memoranda

Recent SEC Regulatory Developments Regarding Short Sales

Date: 10/29/08

Recently, the Securities and Exchange Commission ("SEC") has been actively engaged in regulating short sales of public equities and has placed a number of additional restrictions on the practice through a series of releases and emergency orders. The SEC's actions have been largely aimed at "naked" short sales in an attempt to address abusive "naked" short selling of equity securities.

Recent SEC Regulatory Developments Regarding Short Sales.pdf (pdf | 152.64 KB )