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Message: SEC to Probe Short Selling Manipulation

SEC to Probe Short Selling Manipulation

posted on Jul 13, 2008 09:56AM
It appears the recent battering of financial and DOW stocks has finally attracted the attention of the SEC who will now set their sights on short selling manipulators. I wouldn't hold your breath for any tangible action on their part.
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SEC, others, to probe short seller manipulation

By Greg Morcroft
Last update: 1:15 p.m. EDT July 13, 2008
NEW YORK (MarketWatch) The U.S. Securities and Exchange Commission said Sunday that it and other regulators are firing up new examinations to prevent stock-price maniplation by short sellers and others.The agencies' goal is the "prevention of the intentional spread of false information intended to manipulate securities prices."
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