Input sought on short-sale rule

The SEC is seeking public comment by Dec. 16 on an interim temporary rule that requires certain institutional investors to continue disclosing some short sales and positions until Aug. 1, 2009. The rule extends the reporting requirements established by the agency’s emergency orders issued in mid-September and early October, with some changes. Weekly, non-public disclosures is still required in certain circumstances, but the threshold for reporting short sales or positions is now pegged at a fair market value of $10 million, up from $1 million. For details and information on submitting comment, visit sec.gov/rules/final/2008/34-58785.pdf.

Related Topics: Regulatory Moves