Many Financial Firms Added to SEC’s “No Short” List; Exchanges Must Publish Lists of Covered Companies

Acknowledging that that it omitted numerous financial firms from its “no short” list due to “difficulties with the classification criteria,” the SEC amended its Emergency Order on Sunday, September 21 to place the responsibility for identifying covered financial firms on “each national securities exchange listing financial institutions.”

The SEC’s Amended Emergency Order requires “each national securities exchange to  immediately publish a list, on its internet Web site, of individual listed companies with common equity that will be covered by the Order’s prohibition on short sales.  The Commission expects these lists to cover banks, savings associations, broker-dealers, investment advisers, and insurance companies, whether domestic or foreign, and the owners of any of these entities.”

Read the SEC’s September 21, 2008 Amendment to Emergency Order

Read NYSE’s List of Additional Companies

Read the AMEX’s List of Additional Companies