New NASD Short-Selling Rule Coming Feb 20

Discussion in 'Trading' started by Bob111, Jan 27, 2004.

  1. Bob111

    Bob111

    2:53PM New NASD Short-Selling Rule Coming Feb 20 : An upcoming NASD rule change takes effect on February 20 that makes shorting stock harder for bigger players and more similar to the rules for individuals. The loophole that closes is a broker/dealer placing a short sale with another broker/dealer does not have to have the borrowed shares identified in advance. Now they will, just like trades for individuals must. For more, see today's Ahead of the Curve column... http://www.briefing.com/Platinum/Perspective/DailyColumns/AheadOfTheCurve.htm

    what it all about? where i can find more info?

    Thank you!

    http://finance.yahoo.com/mp