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发表于 2010-2-24 10:25 AM
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WASHINGTON (AP) — Federal regulators are poised to rein in the practice of short-selling, restoring Depression-era restraints, in a bid to prevent stock-selling sprees that feed on themselves and can heighten market turmoil.
The Securities and Exchange Commission is scheduled to vote Wednesday at a public meeting to adopt new rules, following months of consideration by the commissioners. The SEC asked for public comment last April on several alternative approaches to restraining short-selling, and a bipartisan group of senators have been pushing the agency to act or face legislation.
The meeting begins at 10:00 a.m. EST.
The commissioners are expected to adopt a so-called circuit breaker for stock prices, restricting short-selling of an extremely fast-dropping stock for the rest of a trading session based on its highest bid. |
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