The list has grown recently. In case you hadn’t noticed, on Tuesday, the SEC revised the Emergency Order issued on 09/18/08, which bans short sales on IFIs (Identified Financial Institutions).
This glorious new list was amended to include the common stock of all of the following:
Banks, S&Ls, broker/dealers, and insurance companies. Also, banks, savings associations, broker/dealers and insurance companies that are similar to those covered by statutory definitions but which are regulated by a foreign (rather than U.S.) regulatory authority. AND….
U.S. and foreign investment advisors, both registered and unregistered companies that control or have majority ownership of companies that meet one of the above criteria.
As far as I know, here is the complete list of 949 stocks……
In addition, think it’s reprehensible that Ford Motor Company [[F]] and General Motors Corporation [[GM]] are on the list.
If you enjoy the content at iBankCoin, please follow us on Twitter
