News! The shorts aren't going to like this one.

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SEC approves rule to curb short selling abuses By Maggie McNeil
WASHINGTON (CBS.MW) -- The Securities and Exchange Commission Wednesday approved a new rule aimed at preventing abusive short selling. The rule requires all short sale trades be settled within 13 consecutive days after the transaction. This rule mirrors an existing regulation for long sale transactions. The SEC also approved a new pilot program which loosens short sale regulations on companies that trade within the Russell 3000.


Get the story here:
cbs.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38161.4281597222-815435292&doctype=806&siteid=mktw&selCount=20&value=Maggie+McNeil+&property=word&

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Picked this up from another board:

Read NITE's proposed changes to new SEC Reg...

www.sec.gov/rules/proposed/s72303/knight010604.htm

Gerbs

[bhbhbh]

For those that have had the pleasure on ihub's basher board, there is a thread over there stating that the investor lost out big time with todays news.