Summary
SALT LAKE CITY - Over the objection of Wall Street firms, Gov. Jon Huntsman signed a bill Friday that cracks down on naked short selling with state fines for brokers who accumulate too many unsettled trades in any company's shares.
The bill was written for Utah-based Internet retailer Overstock.com Inc., which complains it has been a target of a practice that traders dismiss as a tiny aberration in the markets.See the full content of this document
Extract
Naked Shorting
"This bill is good for business, particularly small- and mid- sized cap companies," Huntsman's deputy chief of staff, Mike Mower, said Fri...
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