Short-selling rule to exclude market makers

[Liberty Star]

This should level the playing field:


Short-selling rule to exclude market makers

By Joanna Chung in Washington

Published: July 19 2008 03:00 | Last updated: July 19 2008 03:00

Market makers, special traders that match buyers and sellers in the stock market, will be partly excluded from the emergency rule aimed at stopping abusive short-selling, the US Securities and Exchange Commission said yesterday.


http://www.ft.com/cms/s/0/7138ac96-552a-11dd-ae9c-000077b07658.html

[RideTheDirt]

They know it's comin' down.They are scared.

[Dr.3D]

So only certain shorts will be targeted by the emergency rule. Humm... why wouldn't they make it across the board? All shorts should be targeted by the rule.

[Liberty Star]

So only certain shorts will be targeted by the emergency rule. Humm... why wouldn't they make it across the board? All shorts should be targeted by the rule.

Good question.

Could it be some stocks are protected by free markets/free trading rules while other are not :-)



They know it's comin' down.They are scared.

They are trying to cushions for sharp declines of some financial stocks but it is interesting that they left MMs exempt from such rules.

[Dr.3D]

Could it be some stocks are protected by free markets/free trading rules while other are not :-)


Well, they were concerned with shorts in the commodities, oil in particular. Seems like they would want to cover all bases, unless of course they like to be able to manipulate some items. (gold and silver comes to mind)

Edit: And it really looks like they are trying to protect the members of their cartel and nothing else.