INFORMATION ONLY - DO NOT COPY)
The Securities and Exchange Commission "primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities markets. As more and more first-time investors turn to the markets to help secure their futures, pay for homes, and send children to college, these goals are more compelling than ever."
FAIR Act 2001 Inventory
The "Federal Activities Inventory Reform Act," P.L. 105-270 (the FAIR Act), requires Federal agencies to prepare by June 30th of each year inventories of their commercial activities performed by Federal employees. Upon completion of this process, a copy of the inventory must be transmitted to Congress and made available to the public. In compliance with the FAIR Act, the SEC's inventory follows.
The FAIR Act establishes a two-step administrative challenge and appeals process under which an interested party, as defined by the act, may challenge the omission or inclusion of a particular activity on the inventory.
Short Sales
Agency: Securities and Exchange Commission.
Action: Proposed rule.
Summary: The Securities and Exchange Commission (Commission) is publishing for public comment new Regulation SHO, under the Securities Exchange Act of 1934 (Exchange Act), which would replace Rules 3b-3, 10a-1, and 10a-2. The Commission is also proposing amendments to Rule 105 of Regulation M. Proposed Regulation SHO would, among other things, require short sellers in all equity securities to locate securities to borrow before selling, and would also impose strict delivery requirements on securities where many sellers have failed to deliver the securities. In part, this action is designed to address the problem of "naked" short selling. Proposed Reg ...