SEC extends restrictions on short-selling

SEC extends restrictions on short selling of Fannie, Freddie, others through Aug. 12

Federal regulators on Tuesday extended through mid-August a temporary order banning a certain kind of short-selling of the stocks of mortgage finance companies Fannie Mae, Freddie Mac and 17 large investment banks.

The Securities and Exchange Commission said the ban on so-called “naked” short selling will be in effect until 11:59 p.m. EDT on Aug. 12 and will not be extended. Read more….