The SEC issued a Press Release last night announcing the extension of its Emergency Order temporarily prohibiting short selling beyond its currently scheduled expiration. The order will now expire at 11:59 p.m. ET on the third business day after enactment of the legislation, but in any case no later than 11:59 p.m. ET on Oct. 17, 2008.
The SEC also announced the extension of the expiration date of its Emergency Order easing 10b-18 time and volume restrictions to October 17, 2008.
SEC Press Release & Amendments: http://www.sec.gov/news/press/2008/2008-235.htm
Category: Securities