$NTEC The Securities and Exchange Commission issued a temporary ban on short sales of 799 financial stocks on Friday, a move against traders who have sought to profit from the financial crisis by betting against bank shares. The temporary ban, intended to bring calm to the markets, follows similar action by Britain on Thursday. The S.E.C. said the “temporary emergency action” would “protect the integrity and quality of the securities market and strengthen investor confidence.” The commission said it was also considering measures to address short selling in other publicly traded companies. Check it out
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