SEC Eyes Stock Manipulation In Brokers' Collapse

The Securities and Exchange Commission says it wants to ban the practice of naked short-selling, and it announced a temporary ban on naked short sales of Fannie Mae and Freddie Mac's shares. The practice is sometimes used to manipulate the price of a company's stock. SEC officials say it may have been used to drive down shares of the housing finance giants.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.