 Article
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Amended Short-Selling Orders and Additional Rule
Changes to Increase Liquidity in the United States and
Canada |
September 30, 2008
Previously published by Torys LLP
The OSC and SEC have issued temporary orders prohibiting short selling of certain financial companies' common equity securities until October 3, 2008. Thirteen Canadian cross-border issuers, listed in Appendix A to this bulletin, are affected by the OSC's order. The SEC's order affects all U.S. and non-U.S. banks, broker-dealers,
investment advisers, savings associations and insurance companies listed on U.S. stock exchanges.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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