SEC Publishes FAQs Regarding Rules to Protect Investors against “Naked” Short Selling Abuses

The Securities and Exchange Commission (SEC) has posted answers to a series of frequently asked questions on its website in order to assist in the understanding and application of the SEC’s Emergency Order of September 17th, which temporarily strengthens the delivery requirements for all equity securities.

See a Client Alert on the order here.

These FAQs, while not constituting official statements by the SEC, provide important clarification regarding the order.

The SEC’s FAQs can be accessed here and the original SEC Emergency Order can be accessed here.