Copying and distributing are prohibited without permission of the publisher
News in brief
30 March 2009
Read more:
short selling bans
pension fund
Eseclending
NAPF
LPFA resumes lending
F&C stops lending
SEC ponders return of the uptick rule
The Securities Exchange Commission (SEC) may reinstate the uptick rule, which was eliminated in 2007. The uptick rule requires short sellers to sell at a price above a stock's most recent trading price.SEC Chairman Mary Schapiro said hopefully by next month the agency will open for public comment a proposal to reinstate the uptick rule.
F&C Management stops lending
F&C Management has confirmed it has ceased all stock lending activity.A spokesman for F&C said: "We have scaled back our securities lending activity and will reduce headcount accordingly." F&C announced in December 2008 that it would be looking to reduce costs in areas that were showing weak performance. An area that it has seen less demand for has been in stock lending. This is the first time F&C has ever stopped its securities lending activities....
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
