09-21-2008, 04:43 AM
<b>SEC to Expand Trading Probes</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The SEC said it will require hedge-fund managers, broker-dealers and institutional investors with significant trading activity in financial stocks or positions in credit default swaps to disclose their investments under oath to the agency. SEC enforcement staff members also plan to subpoena documents and testimony.
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In a short sale, which is a bet that a stock will fall, shares are borrowed on the open market and then sold to another investor. To repay the lender, the short seller buys the stock later at what he hopes is a lower price than where he sold it. The short seller profits from the difference.
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In a short sale, which is a bet that a stock will fall, shares are borrowed on the open market and then sold to another investor. To repay the lender, the short seller buys the stock later at what he hopes is a lower price than where he sold it. The short seller profits from the difference.
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