US follows UK and Ireland in banning share deals

US financial watchdogs today followed Britain and Ireland in banning the routine stock market practice of short-selling.

Fri, 19 Sep, 2008 - 12:46

US financial watchdogs today followed Britain and Ireland in banning the routine stock market practice of short-selling.

The Securities and Exchange Commission’s move was a reflection of regulators’ concern about the widening scope of the financial crisis as entreaties came from all quarters to stem a swarm of short selling.

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Courts Economic crisis Place: US Place: UK Person: Christopher Cox Person: Cox Person: Treasury Secretary Person: Henry Paulson Person: Ben Bernanke Organisation: Securities and Exchange Commission Organisation: Financial Services Authority Organisation: SEC Organisation: Federal Reserve Organisation: Treasury Organisation: Congress Organisation: Lehman Brothers

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US follows UK and Ireland in banning share deals

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