The Securities and Exchange Commission has issued an emergency, temporary rule to curb some short selling in Fannie Mae, Freddie Mac and other financial firms. The rule will be in effect Monday through July 29 and could be extended. The move is the commission's latest effort to crack down on market manipulation. According to the SEC, short selling may exacerbate a loss of confidence in financial markets, prompting panic sales.
Read more at http://www.reuters.com/article/ousiv/idUSN1533827820080716
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