According to CNBC, 30 stocks have been added to the list of companies that are now banned from short trading. This is obviously the result of a good amount of lobbying and fear.
(See the ORIGINAL LIST)
From CNBC:
The New York Stock Exchange said Monday it will ban short-selling of 30 stocks with large financial services operations.
These stocks were not included in a list of 799 stocks temporarily banned from short-selling that was issued by the Securities and Exchange Commission on Friday.
The action by the NYSE follows a new order by the SEC that grants each national securities exchange the authority to identify additional listed companies that meet certain criteria.
As a result of this action, the following companies are being added to the list:
- LG……GLG Partners Inc.
- GE……General Electric Co.
- OCN….Ocwen Financial Corporation
- KBW….KBW, Inc.
- GFG….Guaranty Financial Group Inc.
- MFG…. Mizuho Financial Group, Inc.
- FMR…. First Mercury Financial Corporation
- STC….Stewart Information Services Corporation
- FCF…. First Commonwealth Financial Corporation
- MTB…M&T Bank Corporation
- DFS…Discover Financial Services
- BMO….Bank of Montreal
- TD….. Toronto Dominion Bank
- CM…..Canadian Imperial Bank of Commerce
- FMD….The First Marblehead Corporation
- BBV…..Banco Bilbao Vizcaya SA
- CIB….. BanColombia SA
- LM….. Legg Mason, Inc.
- NFP…..National Financial Partners Corp.
- AXP…..American Express Company
- CIT….. CIT Group Inc.
- GM…..General Motors Corporation
- HIG…..The Hartford Financial Services Group
- ADS…..Alliance Data Systems Corporation
- ALD….. Allied Capital Corporation
- RAS…..RAIT Financial Trust
- DRL….. Doral Financial Corporation
- FSR……Flagstone Reinsurance Holdings
- MCO….Moody’s Corporation
- COF…..Capital One Financial Corporation
