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New Short Sale Rules Imminent

Traders Magazine Online News, January 6, 2010

Peter Chapman

The Securities and Exchange Commission, after wrestling with the issue for nearly a year, is expected to adopt a price-test rule for short sales this month. Also, the U.S. Congress is likely to add at least three new short sale rules to the Securities Exchange Act of 1934 as part of its overhaul of financial services regulation.

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