Divided SEC approves short-selling restriction

02/25/2010 | NYTimes.com · Washington Post, The · Investment Executive (Canada)

The Securities and Exchange Commission has approved a measure to restrict short sales of stocks when they are declining quickly, although the commission was split on the measure. Those in favor expressed hope that the move will improve investor confidence, while those against said no action was warranted. The SEC also said it is striving to approve a shift to international accounting standards by the end of next year.

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NYTimes.com · Washington Post, The · Investment Executive (Canada)

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