On September 19, 2008, the Securities and Exchange Commission (SEC) prohibited short sales in 799 financial securities. As of Monday, September 29, 2008, the list had expanded to 973. With approximately 6,000 equity listings on the U.S. markets, the list covers approximately 15% of all stocks.
The SEC said it would extend the short-sale ban to as long as Oct. 17, 2008, or up to three business days after the passage of the bailout plan. However, it would not make the "short sale ban" permanent.
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