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new short interest reporting - any comments?
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[QUOTE]Originally posted by T e x: [QB] [QUOTE]Originally posted by glassman: [qb] http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm this page has a lot of good info.... [b]Question 4.7: Market makers, as defined in Section 3(a)(38) of the Exchange Act, include block positioners. Regulation SHO provides an exception to the locate requirement for market makers. Are all block positioners excepted from the locate requirement? Answer: Rule 203(b)(2)(iii) provides an exception from the locate requirement for short sales effected by market makers, but only in connection with bona-fide market making activities. Rule 203(c)(1) provides that the term “market maker” has the same meaning as in Section 3(a)(38) of the Exchange Act, which defines “market maker” as “any specialist permitted to act as a dealer, any dealer acting in the capacity of a block positioner, and any dealer that, with respect to a security, holds itself out (by entering quotations in an inter-dealer communications system or otherwise) as being willing to buy and sell such security for its own account on a regular or continuous basis.” [/b] [/qb][/QUOTE]jeez, it never stops... "block positioner" :rolleyes: [/QB][/QUOTE]
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