Jul 8, 2009, 1:37 p.m. EST

Senators press SEC to rein in naked short selling
Kaufman wants agency to take action on hedging abuse, or he may take action.

WASHINGTON (MarketWatch) - A senator with close ties to the White House and hands-on experience in stock trading is leading the push to have the Securities and Exchange Commission take action against naked short selling, an abuse that he and other lawmakers argue was a key contributor to the financial crisis.

http://www.marketwatch.com/story/senators-push-sec-to-reign-in-naked-short-selling

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