Effective immediately the SEC Emergency Order prohibits short sales for 799 securities noted in Appendix A of the linked SEC Order. Please note that the SEC exempted the following from the prohibition: “registered market makers, block positioners, or other market makers obligated to quote in the over-the-counter market, in each case that are selling short a publicly traded security of an Included Financial Firm as part of bona fide market making in such security.” Please refer to the Order for a full list of exemptions.
Please also note that NYSE systems will not block sell short orders. The SEC Order requires that firms be responsible for compliance with this Order.
Category: Securities
