SHORT SHRIFT: CRITICS BLAST SEC TRADING BAN By KAJA WHITEHOUSE Posted: 3:26 am September 20, 2008 The Securities and Exchange Commission's temporary ban on short-selling took down the good with the bad. Several groups yesterday said they took a beating as a result of the ban, which forbids short-selling of 799 financial stocks. Among those sideswiped by the ban were hedge funds and traders who legally shorted financial stocks, as well as businesses that deal in so-called stock options, that saw trading dry up yesterday as a result of the SEC rule. Prices were so out of control yesterday that...
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