{"id":8752,"date":"2008-10-02T00:00:00","date_gmt":"2008-10-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-plead-with-us-sec-to-let-short-ban-expire","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/hedge-funds-plead-with-us-sec-to-let-short-ban-expire.html","title":{"rendered":"Hedge funds plead with US SEC to let short ban expire"},"content":{"rendered":"<p><span class=\"lingo_region\">Forbes &#8211; Lobbyists for the $2 trillion hedge fund industry made a last ditch effort Wednesday to convince U.S. securities regulators to let an emergency order prohibiting short selling in more than 950 financial firms expire Thursday. <\/p>\n<p> &quot;The orders have not prevented price declines of financial institutions, volatility in the securities of these firms, or the failure of a financial institution,&quot; said Richard Baker, president of hedge fund lobby group Managed Funds Association.<\/p>\n<p> Baker said the emergency orders have increased volatility, reduced liquidity and abruptly halted capital-raising, including through the issuance of convertible securities.<\/p>\n<p> But a number of securities law experts expect the Securities and Exchange Commission to extend the ban beyond Thursday because of the current fragile state of the markets.<\/p>\n<p> Under the SEC emergency measures, short selling in the U.S.-listed financial firms stocks has been prohibited for about two weeks.<\/p>\n<p><\/span><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.forbes.com\/reuters\/feeds\/reuters\/2008\/10\/01\/2008-10-01T230828Z_01_N01527903_RTRIDST_0_FINANCIAL-SEC-SHORTSELLING.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; Lobbyists for the $2 trillion hedge fund industry made a last ditch effort Wednesday to convince U.S. securities regulators to let an emergency order prohibiting short selling in more than 950 financial firms expire Thursday. &quot;The orders have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[526,2796,2967,44,2641,2817,416,20,34,1502,340,417,1757,2966,2965],"class_list":["post-8752","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-contention","tag-dealer-operations","tag-emergency-powers","tag-invoices","tag-law-expert","tag-mobile-home","tag-mutual-fund","tag-new-marketplace","tag-news-press","tag-rfp","tag-savings-and-loan-crisis","tag-staffers","tag-student-loans","tag-time-client","tag-tokyo-stock-exchange"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8752"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8752\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}