SEC Announces Extension of Short Selling Orders

October 02, 2008
To provide clarity about the future expiration of short selling orders and allow time for the completion of work on the anticipated passage of legislation, the SEC announced yesterday that it will extend the effectiveness of four short selling orders and release interim final rules to continue some of the requirements without interruption. This update examines how this latest announcement from the SEC affects each of the emergency orders that were set to expire this week.