Securities and Exchange Commission: Amendments to Regulation SHO
GAO-10-532R: Mar 24, 2010
- Full Report:
GAO reviewed the Securities and Exchange Commission's (SEC) new rule on amendments to Regulation SHO. GAO found that (1) the final rule establishes a short sale-related circuit breaker that, if triggered, would impose a restriction on the prices at which securities may be sold short; and (2) that the SEC complies with the applicable requirements in promulgating the rule.