Hoyer Applauds SEC Action Restricting Short Selling

For Immediate Release:

February 24, 2010

Contact:Katie Grant
Stephanie Lundberg
(202) 225 - 3130

WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement this afternoon:
 
“I applaud the SEC for adopting a new rule to restrict short selling when a stock is experiencing a dramatic decline.  This is a significant step in our efforts to protect Main Street Americans from the abuses of Wall Street, and complements the short sale reform provisions in the House-passed Wall Street reform bill.  I appreciate Chairman Mary Schapiro's leadership on this issue, and I look forward to continuing to work with the SEC and my colleagues in Congress to curb manipulative and abusive short selling practices to protect investors.”
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