[Flynn’s Editorial: I don’t know why I posted this news article on my weblog site. It appears to be related to banksters. That’s all. I guess the key word is `tick`. Because the way things are going with regards to unfulfilled contractual obligations, I’m feeling `ticked`.]
SEC NEWS DIGEST
Issue 2007-124 June 28, 2007
Snippet from external source: (visit the link for the full article)
COMMISSION ANNOUNCEMENTS
SEC TO END SHORT SALE TICK TEST ON JULY 6, 2007On June 13, 2007, the Commission voted to remove the tick test of Rule
10a-1 and to amend Regulation SHO to provide that no short sale price
test, including any price test of any exchange or national securities
association, shall apply to short sales in any security. The
Commission has established a compliance date of July 6, 2007 for the
changes. Publication of the amendments is expected to be made in the
Federal Register during the week of July 2, 2007. (Rel. 34-55970)
CREDIT RATING AGENCIES APPLY FOR REGISTRATION AS NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATIONS
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